Awash in stuff: mall owners know it too

When a representative of the retail industry says it, it may represent a real shift:

At the Cavendish Mall in Côte St. Luc, weak sales following the departure of top performing retailers like Gap Inc. and Roots Canada Ltd. prompted owners to demolish about 40 per cent of the mall, which is now being converted into residential townhouses, semi-detached and single-family homes. … “People are spending more on experience and service and less on stuff. The world is awash in ‘stuff’.”

I found it interesting how this is viewed by mall owners, who must adapt their spaces to medical centers, health clubs or condos. However, retail spaces are apparently still the most lucrative, so are still considered the gold standard in malls.

5 Responses to “Awash in stuff: mall owners know it too”

  1. […] via The Minimalist. Follow me on Twitter and Friend me on […]

  2. It’s very interesting to hear mall owners talk about the world being awash in stuff. I think many of us feel that way, I know I certainly do.

  3. fiendly says:

    wanted to comment in the Manifesto section but couldn’t.

    so here goes, a dedication:

  4. dan says:

    Seems to be a promising trend in Quebec… it certainly doesn’t look this way in other parts of the world. I’ve been travelling in SEAsia for the past year and there are quite a few places where all there is to do is shop, eat, shop and shop some more.

  5. Julia says:

    I hope that you continue to write. I have enjoyed reading your posts.

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