Tag Archives: Shopping

Analysis: ‘Why U.S. Malls Are Disappearing’ (Video)

Shopping malls in the U.S. were already in decline before the Covid-19 pandemic as consumers shifted away from traditional brick-and-mortar stores to e-commerce. The outbreak has only exacerbated the challenges at malls as social distancing has placed restrictions on stores, movie theaters and restaurants.

So what will become of malls in America after the pandemic ends? Shopping malls across the U.S. have been reeling as restaurant and retail tenants struggle to keep their doors open. Data compiled by Coresight Research shows about a quarter of U.S. malls could close over the next three to five years, accelerating a trend that began before the pandemic.

Simon Property Group — the nation’s biggest mall owner — said earlier this month that its fourth-quarter revenue dropped by 24% on a year-over-year basis to $1.1 billion. However, some analysts think Simon — with its portfolio of A-rated malls and a healthy balance sheet — will benefit as distressed malls operated by its rivals close their doors. The company is also expected to see gains from new additions like hotels and luxury residences.

“Unfortunately there are a lot of centers that don’t fit that high profile and that have lost their competitive edge,” said Piper Sandler analyst Alexander Goldfarb. “The thing about Simon is they’ve been really focused on maintaining it, and that’s both been through a combination of culling the lower productive centers as well as making sure that they keep investing in their top centers.”

Simon Property Group CEO David Simon said the company is also getting a lift from increasing traffic at some of its locations and from tenants paying their rent on time. Malls are a big tax driver for the communities they serve and employ lots of people locally. Watch the video above to find out more about the struggles U.S. malls face and what could become of them after the pandemic ends.

Commerce: ‘Will Digital Payments Replace Cash?’

Is cash still king? The coronavirus pandemic may cause a drastic decline in cash usage due to the risk of contamination. The unprecedented surge in the demand for contactless payment has also shown outstanding performances for major companies offering cashless payment methods, like Apple, Square and Paypal. Could covid-19 signal the end of cash in the United States and can the U.S. really function without physical currency?

Online: ‘Inside Amazon’s Smart Warehouse’ (Video)

Amazon is the world’s biggest retailer, and its CEO Jeff Bezos the world’s richest man, for one very good reason. His company is better than anyone else, ever, at giving people what they want, quickly. Amazon acquired its undisputed status as heavyweight champion of the retail universe thanks largely to its lightning-fast delivery times.

The astonishing feat of ferrying hundreds of millions of items, from guitar strings to saucepans to car parts, directly to your door, inside 24 hours, is nothing short of a modern logistical miracle. So how does Amazon do it? A super-smart army of slave robots, for one. Ingenious, if occasionally unscrupulous, management practices are part of the answer too.

And the modern-day voodoo of deep-learning AI – all of which are made flesh in the most advanced stockrooms the world has ever seen. So join us today, as we button up our hi-vis jacket and journey inside Amazon’s smart warehouses.

Culture: The Food, Sights & Architecture Of Japan

From wandering between Tateyama’s Snow Wall to spending a night in a Koyasan temple, we take you through Japan’s travel spectrum showing the best food places, architecture, sights, thrills, and shopping experiences.

Food – Dotonbori District: The Dotonbori district is the most colorful area in Osaka. When visiting you must try takoyaki and okonomiyaki. Shin-Yokohama Raumen Museum: Taste nine different types of ramen at the world’s first food-themed amusement park.

Architecture – Koyasan: Temples and shrines can be found all throughout Japan. Tourists can experience Buddhist lifestyle through traditional practices by spending a night in a Koyasan temple. Reversible Destiny Lofts: The space is meant to challenge your mind and body to interact with your living space in a new way to allow new possibilities daily. It is made up of only three shapes. Shirakawa-go Village: Declared a UNESCO World Heritage site in 1995 for its gassho-zukuri houses, the thatched roofs without nails are symbolic of hands pressed together in prayer.

Sights – Tateyama Snow Wall: The Snow Corridor of Tateyama rises up to 65 feet. Bonin Islands: During the second world war, the islands were used as military bases, so if you enjoy diving, you are likely to see many shipwrecks. Nagano’s Jigokudani Monkey Park: In Nagano’s Jigokudani Monkey Park there are no barriers. These monkeys are the only ones in the world that enjoy bathing in hot springs.

Thrills – Hokkaido: Hokkaido has light, powdery snow perfect for snowboarding or skiing in the winter. Yonaguni: Nevertheless, the Yonaguni monument requires a 9 to 52 foot dive to reach the bottom, and it is recommended that you have at least 100 hours of logged diving experience.

Shopping – Kanazawa: This city is most famous for its teahouses and geisha and samurai districts, along with its gold leaf production. Akihabara: Akihabara, also known as Electric Town, is a hub for all things electronics, game paraphernalia, anime, and manga. Canal City: Called a city within a city, Canal City is a large shopping mall and entertainment center in Fukuoka.

Morning News Podcast: Biden Transition, Black Friday Shopping Changes

Biden is expected to announce more members of his cabinet. His administration will place a focus on civil rights. And, stores are changing things up to keep shoppers safe on Black Friday.

Online Payments: What Is The Chinese App “Alipay” From “Ant”? (WSJ Video)

The Chinese fintech titan Ant Group—co-founded by Alibaba billionaire Jack Ma—is set to go public in what could be one of the largest listings ever. WSJ explains how Ant’s backbone service, Alipay, has revolutionized payments and investing in the world’s most populous country.

Photo Composite: Crystal Tai

Urban Design: “The Future Of Cities” (WSJ Video)

The coronavirus pandemic could have a lasting impact on city life. WSJ’s Jaden Urbi explores how the ways we work, shop and play are changing as urban designers refocus on health, tech and open spaces.

Illustration: Zoë Soriano

Morning News Podcasts: Joe Biden’s VP Pick, Virtual School & Retail, Tik Tok

This week, Democratic Presidential Candidate Joe Biden is supposed to decide on his pick for a running mate. How he’s selecting her says a lot about how Biden might govern.

  • Plus, how the virtual school year could push retailers even closer to the brink.
  • And, the behind the scenes of the White House’s latest Tik Tok announcement.

Guests: Axios’ Hans Nichols, Courtenay Brown and Mike Allen.

Health & Consumers: “How Coronavirus Is Changing Grocery Shopping” (WSJ)

 

Will the coronavirus pandemic lead to long-term changes in how we shop for food? To better understand the challenges facing grocery stores, WSJ’s Alexander Hotz spoke with an industry insider, a store owner and a Walmart executive.