6 ms·

The Death of Retail Is Overrated

21 points by heshiebee 6y ago

jt2190 6y ago
(2018)
MattGaiser 6y ago
> It’s why we still go to theaters to watch movies, concerts to listen to music, ballparks to see a game, casinos to place a bet, and restaurants to grab a bite. Aren’t we doing less of all those things? Theatres are in decline. https://www.nytimes.com/2020/03/15/business/media/movie-theaters-coronavirus.html https://www.nytimes.com/2020/03/15/business/media/movie-thea... Live sports in person attendance numbers are in decline. https://nymag.com/intelligencer/2018/07/nobodys-going-to-sports-in-person-and-no-one-seems-to-care.html https://nymag.com/intelligencer/2018/07/nobodys-going-to-spo... Casinos are in decline. https://www.csmonitor.com/Commentary/the-monitors-view/2014/1203/With-fewer-young-people-gambling-time-for-a-government-rethink https://www.csmonitor.com/Commentary/the-monitors-view/2014/... Not sure about restaurants overall, but I know since DoorDash and UberEats I don’t go to them unless dragged. I’m not convinced that the number of people who want those experiences is more than 50% of the population, whereas before retail, movies, etc were fairly universal.
- jimbob45 6y ago
  Theaters for sure. We've had gift certificates to the theater sitting around for years now that we can't be bothered to use. Live sports, I'm not so sure. I imagine they make more money if I watch from home than I'd they have to provide and clean a seat for me. Casinos, for sure. I imagine the (totally not at all, guys) gambling in video games is replacing regular casinos. I was actually quite far along in interviewing for a slot machine company before the outbreak nixed my opportunity. They ironically said that the gambling industry was one of the most recession-proof industries. Unfortunately for them, a plague is the one type of recession they're not immune to.
tyrex2017 6y ago
sounds like he is trying to first convince himself. i dont think he succeeded. retail is too expensive to be worth it for the bottom 50%. for me personally, i need top 5% money before the retail experience would be worth its premium of course, its laughable that i as an introvert techie think that others think similar
timwaagh 6y ago
i thought with covid i'd finally become a 'mostly online' shopper, because of safety. But no. Online shopping is still not a natural paradigm in a world where deliveries take anywhere from a day to four weeks and offline shopping takes an hour to the store and back. or less. theres a place for online, but retail is still going to take 90% of my purchases.
fmajid 6y ago
The death of Restoration Hardware and it’s tree-decimating, hernia-inducing catalogs cannot come soon enough as far as I am concerned.

21 points by heshiebee 6y ago

(2018)

> It’s why we still go to theaters to watch movies, concerts to listen to music, ballparks to see a game, casinos to place a bet, and restaurants to grab a bite. Aren’t we doing less of all those things? Theatres are in decline. https://www.nytimes.com/2020/03/15/business/media/movie-theaters-coronavirus.html https://www.nytimes.com/2020/03/15/business/media/movie-thea... Live sports in person attendance numbers are in decline. https://nymag.com/intelligencer/2018/07/nobodys-going-to-sports-in-person-and-no-one-seems-to-care.html https://nymag.com/intelligencer/2018/07/nobodys-going-to-spo... Casinos are in decline. https://www.csmonitor.com/Commentary/the-monitors-view/2014/1203/With-fewer-young-people-gambling-time-for-a-government-rethink https://www.csmonitor.com/Commentary/the-monitors-view/2014/... Not sure about restaurants overall, but I know since DoorDash and UberEats I don’t go to them unless dragged. I’m not convinced that the number of people who want those experiences is more than 50% of the population, whereas before retail, movies, etc were fairly universal.

jimbob45 6y ago
Theaters for sure. We've had gift certificates to the theater sitting around for years now that we can't be bothered to use. Live sports, I'm not so sure. I imagine they make more money if I watch from home than I'd they have to provide and clean a seat for me. Casinos, for sure. I imagine the (totally not at all, guys) gambling in video games is replacing regular casinos. I was actually quite far along in interviewing for a slot machine company before the outbreak nixed my opportunity. They ironically said that the gambling industry was one of the most recession-proof industries. Unfortunately for them, a plague is the one type of recession they're not immune to.

tyrex2017 6y ago

sounds like he is trying to first convince himself. i dont think he succeeded. retail is too expensive to be worth it for the bottom 50%. for me personally, i need top 5% money before the retail experience would be worth its premium of course, its laughable that i as an introvert techie think that others think similar

timwaagh 6y ago

i thought with covid i'd finally become a 'mostly online' shopper, because of safety. But no. Online shopping is still not a natural paradigm in a world where deliveries take anywhere from a day to four weeks and offline shopping takes an hour to the store and back. or less. theres a place for online, but retail is still going to take 90% of my purchases.

fmajid 6y ago

The death of Restoration Hardware and it’s tree-decimating, hernia-inducing catalogs cannot come soon enough as far as I am concerned.