In light of recent headlines and store closing realities,
it is not hard to surmise that retail is, in many ways, ‘under the
weather’ and in dire need of a strong dose of direction and creativity.
Credit Suisse predicts, in fact, that 25 percent of the 1,100 enclosed
malls currently operating in the U.S. will shutter in the next five
years. And though I don’t quite agree with that prognosticating and
certainly not for luxury “A” malls in urban areas, there is a cautionary
tale to heed—one that must entail a proper balancing act between three
primary elements: bricks-and-mortar, e-commerce and delivery.
But isn’t bricks-and-mortar on the way out, you might say? Isn’t the
Amazon factor completely destroying the traditional retail model? Not
exactly. . . . more