INSIDE THE RETAIL APOCALYPSE! ABANDONED STORE CRISIS!

THIS NEW CONTRACT Will Change Real Estate FOREVER! https://youtu.be/iX_EsCwPteI

The shopping malls killed the small shops, and now online shopping is killing the malls.

Convert it into a hospital then it will be packed. Make sure most of it is mental health, because that's where we're heading.

Recessions are a normal part of the economic cycle, therefore your only option is to be prepared and make plans accordingly. 2009 saw a recession when I started my profession. My initial job out of college was performing aerial acrobatics on cruise ships. I have built my own company, work as a vice president for a significant organization, own three rental properties, make investments in stocks and companies, and have experienced a two million dollar increase in my net worth in the last four years.

Definite signs of a bad economy is when stores are empty, people are in survival mode food & rent only

Remember when our parents used to drop us off at the mall with our friends for the day. Arcades, pizza, toy shops, record stores, movie theaters! What a fun time to grow up! Kids have no idea how much fun being a kid was in the 80's.

I'm an architect, we are turning malls into apartment buildings, student housing and storage/ garage space

Anecdotal story that sums up why brick and mortar retail is failing: Needed a replacement tire for my wheelbarrow. Saw them at Home Depot drove 10 minutes at 9pm on a Friday night to go buy it. Found two on the shelf, both had the axle adapters removed from the packaging. Drove down the street to Lowe’s, walked around for 10 minutes trying to find tires. They did not have the one I needed. An hour total of my time wasted. At midnight, I went on Amazon, found the tire I needed and it was delivered in the morning. More and more, I just go to Amazon. Soooo much easier

Worked part time at Kohl’s for about six months. 1. Theft was rampant. SO many people without shame. 2. Customers are pigs. They dump merchandise all over the store and Kohl’s pays multiple people every day to pick stuff up. 3. Did I mention customers are pigs? You can spend an hour organizing and folding a shelf and it will take just one person a few minutes to destroy it, making it difficult for the next person to find what they need. People just don’t care. 4. Because customers are pigs, employees have to spend a lot of time monitoring suspicious behavior instead of fixing problems mentioned in items 2 and 3. Then people wonder why stuff is so expensive

I work as a butcher in a busy Costco. Our food sales have exploded higher recently, I think because people are cooking more at home and can't afford restaurants/takeout. Interesting times ahead.

The cost of living has gone up so much in the last 3 years that no one can afford to shop anymore.

These days, ANY mall I go to is a mere shadow of what the mall experience used to be. I think back to the holiday seasons of 2004/2005, and several of the malls were so jam packed, you struggled to find even one parking space. Sometimes you'd circle through the entire perimeter of the mall, for up to ten minutes, trying to grab a spot as someone else was leaving. Inside the malls, every inch of floor space was full of people, restaurants had lines, jewelry stores were packed, perfume counters in departments stores were slammed. When you consider what retail once was, it's pretty clear that it's now on life support.

Internet purchase: 20% off. Mall store: 40% mark up to pay the rent.

I live in Largo, FL. and when I drive around, I keep seeing stores and restaurants out of business. No one is taking over the spaces, and the buildings are just rotting away.

Anyone remember back in the 90s when the mall parking lots were full the week before Christmas? 😢 Good times

Not just malls, remote work is killing cities, making them desolate, because everyone stays home. NYC is like that.

Class of 87 BC Before Computers The mall was our social media. Best times ever.

I was a teenager of the 80's, and our lives were essentially a mid-west version of Fast Times at Ridgemont High... the mall was ground-zero, it's where everyone met up. During the holidays, you could barely move. The wife & I decided to hit the mall 2 weeks before Christmas last year, and it was absolutely DEAD... I was so dumbfounded that I just started snapping a few pictures for posterity sake, because that's when the realization really hit home that a part of my life was completely gone.

People are still shopping, just not at most brick and mortar stores. A mall store can not compete with Amazon and online retailers unless they are selling a service or product that people can not wait to get next day or in a few days. Malls were dying before our recent spike in inflation.

Thank You Michael. let’s support the mom and Pop stores in our area,whenever we can.The money stays more local.