With the surge in popularity of internet shopping is this the death knell for small retail shops and also gigantic shopping centres?
Case in point, in the last week i have bought around $400 worth of clothes online. I am a fan of Henleys brand clothing, shirts retail in the shops for $60-$80 each, i have been getting them delivered to my door for $30. These clothes, retail, would have cost me around $800-$1000.
Louis Epstein shoes, normally $90, i bought them for $24 with free delivery.
Cigars, normally around $20ea, online for $10, delivered. A small humidor would cost upwards of $200, purchased online for $70, delivered.
What is the financial incentive to go to shopping centres anymore? No doubt there is the social experience and some will go for that.
I was privy to a conversation that there are plans to expand the Carousel Shopping Centre, in Cannington, and possibly add a second story to it. Are they mad? Retailers are shutting down, not opening up.
Apparently the biggest winners out of the age of internet shopping are the courier services, they have never been so busy. I don't see internet shopping lagging anytime soon and there is basically nothing out there you can't buy online, even a wife.