Find in the news:
BY COUNTRY

CBRE Chief: Desire For Experience Will Fend Off Rise of eCommerce



Shoppers still love to look, browse and touch before making some purchasing decisions.
CBRE group chief executive Robert SulenticThe world of eCommerce continues to grow, and it’s only going to get bigger. That leads to concerns that brick-and-mortar retail will eventually become a thing of the past, and some observers feel we’re on our way to seeing that happen. Not so fast, say other industry insiders, including one of the most respected names in the world of real estate. That would be CBRE group chief executive Robert Sulentic, who recently spoke with the Los Angeles Times for a wide-ranging interview. 

Sulentic touched on some topics during his chat, but his thoughts on eCommerce stood out. He acknowledges the growth of the online sector, but he views it as just one more piece of the larger retail puzzle. 

“About 12% of all retail sales are only online, so a massive amount of product is still bought in stores. Well-located malls and high-street retailers in places like L.A. are doing quite well — retail rents grew faster than office rents last year,” he said. “B and C-level malls are under pressure, however, and where retailers overbuilt, there is going to be a day of reckoning independent of e-commerce.”

As for why he’s not too concerned about online shopping, Sulentic touches on what continues to help innovative brick-and-mortar retailers stand out from their online counterparts: experience. Shoppers still love to look, browse and feel before making some purchasing decisions, and to be able to do that in a welcoming center that’s chock full of other goodies makes the experience all the better. 

“There isn’t a single baseball game that will be played in the big leagues that you couldn’t watch better on your couch, but 75 million people will go to the ballpark this year because people want an experience, want to be with other people,” Sulentic continued. “Imagine being a millennial in a favored place like downtown or Hollywood. If I said to you, “By the way, there is no retail,” would you go live there? You would not, and neither would they.”  

That’s a pretty prescient take from Sulentic, as a staggering number of millennial-themed developments in the planning stages come with a substantial retail component. 
 
“That’s why retail is not going away. We do think e-commerce is a big deal. We just don’t think e-commerce is going to run retail off,” he added. 

More about shopping malls in the USA



YESTERDAY, Taiwan:
Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
YESTERDAY, Israel:
In Israel, a national quarantine begins to operate again from September 18, 2020.
YESTERDAY, Sweden:
Shoppers will select goods from different stores in the mall on one website and then pick them up conveniently.
DAY BEFORE YESTERDAY, Spain:
The outlet begins its countdown and fires the starting signal during the "Digital Lighting" event.
DAY BEFORE YESTERDAY, China:
Maison Martell officially opened L'Atelier Martell Shenzhen - a luxury boutique where you can taste and buy exclusive varieties of cognac.
DAY BEFORE YESTERDAY, USA:
The new retail store layout is expected to be very convenient for quickly and safely receiving online orders.
Friend
and Follow
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us