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We should remember that one of the problems with retail right now is wages that are too low, so low that many restaurants can't hire enough workers. These busin
by herf 5y ago
We should remember that one of the problems with retail right now is wages that are too low, so low that many restaurants can't hire enough workers. These businesses are often paying for prime retail and then paying again for customer acquisition from food delivery or other online services.
If property owners manage to capture such a large portion of revenue increases (or even to increase prices in a declining retail market), it is a zero-sum game with many other important parts. Apart from cute mom and pop stores being replaced by national chains, the other costs are the lack of capital for investment in new concepts, lack of funds to pay employees through fair wages, and also lack of resilience in a downturn.