Urban Outfitters CEO Says the Retail Bubble Has Burst
[{"id": "deo6if0", "text": "Blaming slow sales on declining mall traffic &amp; an excess of retail space overall. ", "replies": [{"id": "deoljox", "text": "Retail department stores will all die out soon. Only high end has a place now. People still want to try hints on if they are shelling out dollars.\n\nDiscount places and fast fashion will all be online ", "replies": [{"id": "deomsic", "text": "I want to see the emergence of more bespoke retail products. I would go to a tailor to get a dress shirt and have a beer if the experience was well thought out.  ", "replies": [{"id": "deop4ln", "text": "This is the future of retail. With VR implementation taking some of the guesswork out of online purchases, and an increasing move towards automation, brick-and-mortar retail will become an experience.", "replies": [], "depth": 4}], "depth": 3}, {"id": "deoxhej", "text": "TJX.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "deovyy9", "text": "There was never a bubble....", "replies": [], "depth": 1}, {"id": "dep0grf", "text": "Retail is the worst. Traffic counts, demograpics and a whole slew of conditions that need to be met. I don't know how retail leasing brokers can ever make any money. \n\nUnless you are repping a national account on the tenant side, or working in NNN sales, it is a tough tough business. ", "replies": [{"id": "depu8dc", "text": "Tough business from the landlord side as well with small tenants who blow out, big tenants who bend you over on rates when signing and CAM recs when operating, and just a generally difficult product as you're a partner to each of the tenants much more so than in office or industrial.", "replies": [], "depth": 2}], "depth": 1}, {"id": "dep682f", "text": "Awesome. Time to buy. I've seen malls with 50% occupancy sell for $1.25/foot. \nI'm a bull at 10-50 cents on the dollar. ", "replies": [{"id": "depuaol", "text": "Best bet is to try and pack the space with food retailers. The dining experience is the future of retail.", "replies": [{"id": "deu1w8f", "text": "Seems to be the way to go these days.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]