Sunday, April 16, 2017

What in the World Is Causing the Retail Meltdown of 2017?

I don't think I do any more online shopping than I did in 2010.  It could be that others are finally reaching my level of purchasing.  We still do a good bit of shopping in stores.  So, I don't think they will all disappear.

The article goes over several reasons for falling retail sales.  I think most of them people are already aware of.  But their prediction about the future is interesting:

From the Atlantic:
Finally, a brief prediction. One of the mistakes people make when thinking about the future is to think that they are watching the final act of the play. Mobile shopping might be the most transformative force in retail—today. But self-driving cars could change retail as much as smartphones.

Once autonomous vehicles are cheap, safe, and plentiful, retail and logistics companies could buy up millions, seeing that cars can be stores and streets are the ultimate real estate. In fact, self-driving cars could make shopping space nearly obsolete in some areas. CVS could have hundreds of self-driving minivans stocked with merchandise roving the suburbs all day and night, ready to be summoned to somebody’s home by smartphone. A new luxury-watch brand in 2025 might not spring for an Upper East Side storefront, but maybe its autonomous showroom vehicle could circle the neighborhood, waiting to be summoned to the doorstep of a tony apartment building. Autonomous retail will create new conveniences and traffic headaches, require new regulations, and inspire new business strategies that could take even more businesses out of commercial real estate. The future of retail could be even weirder yet.
Well if that's the case, they better be built like vaults, dispensing purchased items.  Because I think thieves will be watching for the self-driven vehicles to make a killing.

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