Yes the mall environment is changing! We have heard story after story of the need for malls the change. But is
NOT DEAD
, as online retailers now forge their way into the home of retail.
As pointed out by several organizations, the new retail trend is an environment that gives consumers an engaging multi channel experience. Online retailers are dynamically prepared to offer that experience through Bricks and Mortar.
Consumers continue to have the need to see and feel product, along with full engaging experiences. That is why online only retailers see the need to find space in the nations top malls.
Just look at Warby Parker, who is forecasting 100 stores by the end of 2018 to add to their current 64 locations. Their eyeglass industry is reliant on people seeing before they buy. Much in line with any retail of clothing or fashion accessories.
Retail like a mall is far from dead, it is changing. The retailers that will survive this new economic model are those that focus on the full consumer experience.