Remember the days of shopping for clothes at Sears? What about the Blue Light Specials at Kmart? Those days are rapidly becoming a distant memory, thanks to the way retail has changed in the age of the internet.
Jonathan Walsh, consumer reporter at WEWS/News 5 in Cleveland, joined the Ray Horner Morning Show to talk about the near and distant future of retail stores. Walsh says traditional malls and brick-and-morter stores have fallen by the wayside as far as what the customer wants. Young buyers are looking to spend their money on attractions than straight retail.
Because the consumer wants to spend their dollars on entertainment in addition to retail, Walsh believes destination shopping centers such as Crocker Park and Legacy Village are still doing fine.