Opinion
Why are the malls not empty yet?
Apparently retail is dead. Online shopping is destroying it and, if you believe the hype,all the malls will soon be full of tumble-weeds. Due to constantly improving and sophisticated e-commerce, e-tailers like Amazon, or little online ‘stores’ set up and run through TradeMe it would seem that consumers have very little incentive to shop at brick and mortar stores any more. The social aspects of shopping are now being attacked by start-ups like Svpply. And group buying and the tipping point theory are still there as well. So why are the malls are not empty yet?