The Mall of Shame
medium.com
medium.com
“Middle-class staples like Williams & Sonoma, Coach, Lush, and an Apple store (along with the obligatory food court Sbarro) help account for $1.8B in annual sales.”
Those are not middle class “staples” - the US middle class can not afford to shop at Williams Sonoma. Apple is a luxury or near-luxury brand, same with Coach.
If you live in Silicon Valley and take home $4k/month, not so much.
Middle class people commonly buy "unnecessary" things, even clear luxury items like Coach bags.
"I'm not an independent proprietor, I'm a mini-mogul of a micro-barbershop." vomit.
Someone can make $200k+ per year for a family of 5 and still be "middle class" and I don't think anyone would be shocked if they owned an iPhone.
Edit: Specifically, "middle class" is not defined with respect to the nation's income. It's a loose definition based on job/lifestyle/purchasing power, which are correlated to income, but not strictly defined by it.
Why are you so sure? What are the numbers? It's possible you're in a middle income bracket within a rich region, but if you're shopping at Apple and Williams Sonoma on the regular, I'd guess that puts you in the top 20%. I guess we have to define middle class too...maybe the 25%-75% household income bracket?
"In the US, we have a rule: to describe a person as "lower class" is an insult; less obviously, to describe them as "upper class" is as well. To describe something as "lower class" or "upper class" is to denigrate it, and to attribute a "lower class" or "upper class" thing to some one is to denigrate them. It is the designation "middle class", alone, which is virtuous – a fact which explains in a nutshell why, famously, all Americans arrogate the term to themselves."
On the other hand I don't know any honestly middle class people who shop at Williams Sonoma with the possible exclusion of special gifts maybe for a wedding or anniversary or some other rare special occasion.
Shopping occasionally is still shopping. Plenty of people have run businesses off of gift and special occasion spending. Or just occasional spending in general. None of this is out of the range of the middle class. Almost anything cheaper than a child is affordable to the middle class.
>lots of people who financially really shouldn't do buy Apple products.
That only strengthens the point that middle class earners are spending their money there.
W&S reminds me of JC Penny/Goldsmiths, just for a new generation.
"PAGE IS NOT AVAILABLE IN YOUR REGION
TO OUR VALUED CUSTOMERS,
We regret that due to technical challenges caused by new regulations in Europe, we can for the time being no longer accept orders from the European Union.
If you reside in the UK you can continue to order from our UK websites or shop from our locations and partners."
And yes, middle class people can afford to shop for luxury goods, and do so. It's not unusual to have a moderately expensive hobby.
https://adequateman.deadspin.com/the-2017-hater-s-guide-to-t...
Other than the dubiously sourced products (which is a problem at Amazon too, so hardly unique to this space), I'm unclear on why this is such a problem? What happens when a "shrine to shopping" begins to feel more like a "swank swapmeet"? Presumably people buy stuff, which is the point, and honestly, after a lifetime of being deceived by or taken advantage of non-"banal" brands, banality doesn't sound so threatening. The rest of the article (not that there's much of it) leaves me likewise uncertain of what need is going unfulfilled. Is there anything I'm missing?
Is that because Apple doesn't want to be tainted by that brand...or because there's minimal overlap in customer bases?
If Dollar Trees are bringing in the money and the customers, then either Apple DOESN'T belong there, or they'll start to share customers. Either way, I think the "banality" of the brand is at best an inefficient way to look at it and at worst a misleading one.
These small services type of businesses are able to pay larger rent and are more stable clients than the “boxes of clothes or accessories from China” types of stores. And since phone repair is an in-person service, it’s less likely to be hurt by online retailers.
I believe more malls will move toward service businesses. One here in Austin allowed a giant trampoline park in what used to be a flagship store. The store is packed with kids and parents.
I’m very interested in this area and how it will continue to play out!
So I don't see how some independent operation that brings something new to the table could be a bad thing.
Unless it upsets your taste to having to deal with some unpolished store that lacks cooperate design.
Beyond that, this is the reality of how modern mall development works. Mall properties are basically ephemeral pump and dump real estate schemes. When the anchors move out to the latest highly subsidized mall with bigger and better TI incentives, little guys move in. Some of them are garbage, but many are not. Sometimes the mall makes it, sometimes it doesn't. Nothing new or special here.
Also, the Merrimack outlet mall that opened a few years ago is also almost certainly taking foot traffic away from the southern NH malls.
Sure, some malls are not doing well, some will go out of business, and some will evolve. For example, the nearby Bedford mall lost tenants, turned into a ghost mall, and was demolished a few years ago. But in its place, they built a Whole Foods. And right down the road, a large outdoor mall with outlet stores opened and is thriving with over 100 stores filled with upscale national retailers.
Lots of large chains and even anchors have died. Circuit City, CompUSA, Filene's, KB Toys, Ames, and so on. Amazon didn't kill these companies. These stores were killed by poor management (For example Best Buy is thriving in the age of Amazon). Tech giants would do well to learn from big box retail failures because having a website does not make one immune to poor management or a failure to innovate.
It almost looks like a flea market inside. Tattoo shops, stands that sell gold by the inch and cheap phone cases, bootleg t-shirt vendors, nail salons, there’s even what’s basically a convienence store.
Cheap rents sound good, but they bring in low-end retailers that don’t stick around and sell gray market product.
I find it funny that that's the most extreme in your list. Why wouldn't there be a convenience store where people go to shop?!
Retail is suffering right now. High street brands in the UK are collapsing with HMV in just the past week. Mike Ashley (Sports Direct CEO) has called to tax online retailers to make it a level playing field for the high street[1]. I personally disagree because I honestly don't think the retail experience is helping themselves to innovate and train staff correctly (at least in the UK). When visiting shops becomes a frustrating experience for the consumer, then no wonder people turn to shopping online for convenience.
I think the article is saying that if things continue on their trend, it will get a lot worse before it gets better.
https://www.theguardian.com/uk-news/2018/dec/03/mike-ashley-...
I'm almost more interested in online boutique stores, and their fates. How do they compete against Amazon? I hate going to buy some obscure thing, and then getting hit with a ten buck shipping charge for something that will arrive two weeks later, when Amazon Prime has me used to "free" two day shipping. But when I want that fancy smoked salt, or the obscure imported Japanese pen, I have to go to the boutiques.
You are obviously pro-amazon...but my experiences with amazon are awful.
From counterfeit goods, to just shit products (examples: dress ties that stain my white dress shirts, ill fitting clothing, to goods that never arrive, even amazon basic products have turned out to be embarrassingly shit quality).
I recently purchased a new snowboard jacket and would never have thought about rolling the dice on amazon when I could buy online from the manufacturer direct at the same price and know I’m getting the real deal.
I completely understand someone opting for an in person shopping experience over amazon. buying online direct from manufacturers is one thing, but I honestly can’t understand why anyone would buy from amazon after my experiences.
Why not buy straight from the manufacturer for name brand goods? I’m guessing price or maybe the name brand products you buy the manufacturers don’t sell direct. If it’s the former, isn’t that a warning sign?
Also this article has a suspicious number of upvotes, no comments, and is realitivily low quality. Smells like vote manipulation.
If you want a clear point, how about "At what percent of mom and pop retail occupancy do malls, even successful ones, become unattractive destinations for the stores that are still driving retail sales."