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we had ghost cities in china now there's ghost malls in america. Malls across America are leasing their vacant storefronts to data centers wow that's a first for me.
source: http://motherboard.vice.com/read/the-int...ping-malls
[Image: 1415131657788296.jpg]
The consumer is the hero of modernity, the very embodiment of our modern liberal values of self-direction and freedom of choice, and hence its central figure. We built this towering figure a fitting temple; more than that, we built thousands of them at the staggering rate of hundreds a year, during their heyday. We built shopping malls.
And since then, they've collapsed. Yesterday, the Wall Street Journal reported that malls across America are leasing their vacant storefronts to data centers. Internet shopping and brick-and-mortar stores have been positioned in public discourse as engaging in a vicious death match for some time now, giving the news a certain sense of poetic justice.
If malls are dying, then the internet is eating the decaying, hulking corpses of old consumption—the kind characterized by people physically maneuvering through space, together, as quickly or slowly as their feet will carry them—and sustaining itself inside them.
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If u notice, the malls in orchard are also quite quiet. Especially the cosmetic dept.
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"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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05-11-2014, 06:56 PM
(This post was last modified: 05-11-2014, 07:00 PM by Behappyalways.)
which is why Jim Chanos said that if Alibaba is doing well then China retail mall going be in trouble.......
http://www.valuebuddies.com/thread-5839.html
look at yiwu
《经济半小时》 20140918 义乌的新“生意”
http://jingji.cntv.cn/2014/09/18/VIDE141...6311.shtml
http://investideas.net/forum/viewtopic.p...&start=130
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(05-11-2014, 06:56 PM)opmi Wrote: If u notice, the malls in orchard are also quite quiet. Especially the cosmetic dept.
Sent from my iPhone using Tapatalk Sephora seems to be doing well and killing the cosmetic counters in department stores
"Criticism is the fertilizer of learning." - Sir John Templeton
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What's interesting is that while online shopping is killing malls everywhere, the biggest online store of all, amazon, is bleeding badly as well. Losing money is not unique to Amazon, many online stores lose money as well as they compete against others with wafer thin margins. Especially so in china. Who wins? Alibaba.
Depending on what products are offered, consumers may get products on the cheap now but as time goes by and on-line and physical retailers do not make money, service standards and support will suffer in the end. Something has got to give. And with consumers demanding even lower prices and high levels of customer service, things may turn ugly.
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^^ agree. There is actually value in having a physical store to see, touch, feel the product. Problem is people experience in store and buy on internet
Internet has unfair advantage of less working capital and overheads. IMHO days of incubating internet is over. They should now be taxed heavier than physical stores to make a level playing field else something gotta give. It will not be positive consumers long term when everything is just based on a simple price competitiveness, unadjusted for quality or service.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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06-11-2014, 10:12 AM
(This post was last modified: 06-11-2014, 10:13 AM by sgd.)
(06-11-2014, 12:59 AM)Big Toe Wrote: What's interesting is that while online shopping is killing malls everywhere, the biggest online store of all, amazon, is bleeding badly as well. Losing money is not unique to Amazon, many online stores lose money as well as they compete against others with wafer thin margins. Especially so in china. Who wins? Alibaba.
Depending on what products are offered, consumers may get products on the cheap now but as time goes by and on-line and physical retailers do not make money, service standards and support will suffer in the end. Something has got to give. And with consumers demanding even lower prices and high levels of customer service, things may turn ugly.
biggest winners will not be the online stores but online payment gateways like paypal and credit card companies regardless who opens what kind of online store they need these services to tie all together, they are like the doctors, the bar the general store owners that provided essential services during the california gold rush not the miners, miners only a handful made it big but the vast majority eventually all worked or bled themselves to death.
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06-11-2014, 11:08 AM
(This post was last modified: 06-11-2014, 11:19 AM by brattzz.)
For standardized items, it's cheap and easy to buy online, why pay +25% rentals to malls? ![Smile Smile](https://www.valuebuddies.com/images/smilies/smile.gif)
For luxury items, well, you want to be pampered at the specialized stores/cinemas/spas.. and don't mind paying more...
I support online stores for standardized items purchasing, ![Big Grin Big Grin](https://www.valuebuddies.com/images/smilies/biggrin.gif)
In fact, i feel that big brothers like NTUC and SHENGSHIONG/Giant/Challenger should give 10% to 20% off all online purchases!! self collection too! ![Big Grin Big Grin](https://www.valuebuddies.com/images/smilies/biggrin.gif)
SGH/NUH hospitals medical service providers too!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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Once the world's biggest mall is being torn down today
http://money.cnn.com/2014/12/30/news/wor...d=HP_River
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Yes! Many things going to change. Go and read what Jack Ma's ALIBABA is "stealing" from normal businesses in CHINA & later perhaps the World. A bit of apprehension how we are going to live.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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