The Death of Retail Is Overrated
restorationhardware.online
restorationhardware.online
Aren’t we doing less of all those things?
Theatres are in decline.
https://www.nytimes.com/2020/03/15/business/media/movie-thea...
Live sports in person attendance numbers are in decline.
https://nymag.com/intelligencer/2018/07/nobodys-going-to-spo...
Casinos are in decline.
https://www.csmonitor.com/Commentary/the-monitors-view/2014/...
Not sure about restaurants overall, but I know since DoorDash and UberEats I don’t go to them unless dragged.
I’m not convinced that the number of people who want those experiences is more than 50% of the population, whereas before retail, movies, etc were fairly universal.
Live sports, I'm not so sure. I imagine they make more money if I watch from home than I'd they have to provide and clean a seat for me.
Casinos, for sure. I imagine the (totally not at all, guys) gambling in video games is replacing regular casinos. I was actually quite far along in interviewing for a slot machine company before the outbreak nixed my opportunity. They ironically said that the gambling industry was one of the most recession-proof industries. Unfortunately for them, a plague is the one type of recession they're not immune to.
retail is too expensive to be worth it for the bottom 50%.
for me personally, i need top 5% money before the retail experience would be worth its premium
of course, its laughable that i as an introvert techie think that others think similar