US mall owners look to apartments and hotels to replace Sears and JC Penney
...
The divide was suggested even in the booths at RECon. TJ Maxx and Homegoods owner TJX, Dollar General, Five Below, CVS, had a prominent presence and there were more restaurant and hotel operators than there was in past years, attendees said.
Amid all the chatter about Bon-Ton and Toys R Us' recent and ongoing liquidations, the mood at RECon this year was much more upbeat than past years, when developers and retailers alike were still crawling their way back out from the damage done during the Great Recession, Greg Maloney, head of JLL's Americas Retail business, told CNBC.
"The sky is the limit for what you can do" with dark space at the mall or within shopping centers, he said. "You don't have to fill retail with retail anymore."
Apartment complexes and hotels were two of the new uses that some of the biggest retail landlords had top of mind this week.
onlooker wrote:All sectors where technology can replace workers will continue to suffer inordinately and even some traditionally lucrative vocations
https://nypost.com/2018/06/23/why-the-m ... a-anymore/
Why the middle class can’t afford life in America anymore
However, the dirt cheap towns are pretty much bereft of decent jobs (i.e. with good salaries).
onlooker wrote:Well it does seem like farming as a family business is being hit hard as this article hints at
American farmers face increasing epidemic of suicides
http://www.wric.com/news/national/ameri ... 1264958051
onlooker wrote:But if the cited author is right this " as “roughly 30 percent of the tasks within 60 percent of our current American occupations could soon be turned over to robots.”" Do you OUTCAST and others think her estimate is right or close to it?
Users browsing this forum: No registered users and 10 guests