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The Retail Apocalypse continues... - cbelt3 - 02-28-2017
http://money.cnn.com/2017/02/28/investing/target-earnings/index.html
"Target missed the bullseye badly during the holidays, reporting earnings that were below forecasts. And the company's outlook for this year was much worse than expected, sending the stock down 13% in early trading. Shares are down 20% this year.
The terrible numbers from Target (TGT) are just another sign of how tough it is for traditional retailers to compete against the online juggernaut that is Amazon ("
Next developer plans.. how to repurpose mall properties ?
Re: The Retail Apocalypse continues... - lost in space - 02-28-2017
cbelt3 wrote:
Next developer plans.. how to repurpose mall properties ?
Server farms? Fullfillment centers?
Re: The Retail Apocalypse continues... - raz - 02-28-2017
lost in space wrote:
[quote=cbelt3]
Next developer plans.. how to repurpose mall properties ?
Server farms? Fullfillment centers?
I dunno. Around here, they just abandon them and build another a mile down the road.
Re: The Retail Apocalypse continues... - cbelt3 - 02-28-2017
lost in space wrote:
[quote=cbelt3]
Next developer plans.. how to repurpose mall properties ?
Server farms? Fullfillment centers? Not enough power for server farms. Not enough floor load for fulfillment centers.
My company looked at the empty mall near our company for use as a potential distribution center or even a manufacturing building. The floor wasn't capable of any sort of industrial load. The building structure could not handle anything other than the roof. Pretty much a shed.
Re: The Retail Apocalypse continues... - Will Collier - 02-28-2017
cbelt3 wrote:
[quote=lost in space]
[quote=cbelt3]
Next developer plans.. how to repurpose mall properties ?
Server farms? Fullfillment centers? Not enough power for server farms. Not enough floor load for fulfillment centers.
My company looked at the empty mall near our company for use as a potential distribution center or even a manufacturing building. The floor wasn't capable of any sort of industrial load. The building structure could not handle anything other than the roof. Pretty much a shed. The old South Park Mall (insert Cartman joke here) in Union City, GA (just south of Atlanta) got converted into a movie studio. Not an option everywhere of course, but I thought that was a pretty creative use of the existing facility.
Re: The Retail Apocalypse continues... - pdq - 02-28-2017
Will Collier wrote:
The old South Park Mall (insert Cartman joke here) in Union City, GA (just south of Atlanta) got converted into a movie studio.
But how many sequels of Mall Cop do you think will fly?
Re: The Retail Apocalypse continues... - cbelt3 - 02-28-2017
pdq wrote:
[quote=Will Collier]
The old South Park Mall (insert Cartman joke here) in Union City, GA (just south of Atlanta) got converted into a movie studio.
But how many sequels of Mall Cop do you think will fly? Also great opportunities for Zombie movies. Blues brothers car chases. Disaster movies. etc...
Re: The Retail Apocalypse continues... - N-OS X-tasy! - 02-28-2017
Will Collier wrote:
[quote=cbelt3]
[quote=lost in space]
[quote=cbelt3]
Next developer plans.. how to repurpose mall properties ?
Server farms? Fullfillment centers? Not enough power for server farms. Not enough floor load for fulfillment centers.
My company looked at the empty mall near our company for use as a potential distribution center or even a manufacturing building. The floor wasn't capable of any sort of industrial load. The building structure could not handle anything other than the roof. Pretty much a shed. The old South Park Mall (insert Cartman joke here) in Union City, GA (just south of Atlanta) got converted into a movie studio. Not an option everywhere of course, but I thought that was a pretty creative use of the existing facility.
Lots of filming going on in the Atlanta area these days. That will change, eventually.
Re: The Retail Apocalypse continues... - testcase - 03-01-2017
"Next developer plans.. how to repurpose mall properties ?"
I was in the Dayton, OH area the last two years for Hamvention. Driving from the campground to the venue (Hara Arena), I was shocked at how many derelict malls I saw (and the Hara Arena should have been abandoned YEARS ago; it was a disaster). LOTS of malls and mini-malls across America that are vacant.
Re: The Retail Apocalypse continues... - JoeH - 03-01-2017
testcase wrote:
"Next developer plans.. how to repurpose mall properties ?"
I was in the Dayton, OH area the last two years for Hamvention. Driving from the campground to the venue (Hara Arena), I was shocked at how many derelict malls I saw (and the Hara Arena should have been abandoned YEARS ago; it was a disaster). LOTS of malls and mini-malls across America that are vacant.
"Dead Malls" has been a thing since the '80's, there were BBS's tracking this phenomenon before the internets came along. Quite frankly their heyday was the '70's, but developers kept building them as a kind of "one trick" approach to retailing that was already problematic over 30 years ago.
Sam Walton and Walmart were a major example of the problem with malls. His stores rarely were connected with malls and pulled shoppers away in droves.