The Pandemic Will Change American Retail Forever

That kind of spending is what our current economic model is based on: Americans of all class levels buying things and always wanting to buy more, regardless of their actual means. But when a society-throttling, economy-decimating pandemic comes along, what happens when that ability — and, just importantly, that desire — goes away? In April, retail ... See more

So, in a strange way, this version of the retail store of the future will actually take us back to the past, when shopping was something we did locally, in our own communities.

Social and cultural poverty is tightly linked to economic poverty. The U.S. Small Business Administration estimates that smaller retailers drive 44 percent of the economy. Allowing them to fail, writes Retail Dive, “would be a blow to the country’s general welfare.” The big, mass, and vertically integrated retailers are undoubtedly hurting. They st... See more

My fear is the restaurants that survive are going to be the big chains, and we’re going to eradicate the very eclectic mix that makes America and going out to eat so vibrant and great. And there is a lot of feeling that even in good times, if chefs can’t make their numbers, they’re going to lose everything, so imagine what they must be feeling now.

The fate of the urban environment itself, along with the restaurants and retail that it comprises, will depend upon government interventions at every scale. Without sufficient aid to individuals and small businesses (and even with that aid, to a lesser degree), widespread closures will create a void in commercial real estate demand. Urban brick-and... See more

And then there’s Amazon, which already accounted for nearly 40 percent of all US online retail sales — that’s around eight times more than its next competitor, Walmart. Before the pandemic, the US e-commerce industry only represented between 10 percent and 15 percent of overall retail. Now, that percentage seems likely to grow, setting up Amazon to... See more