choices are abandoning more and more real estate spaces. #Amazon
the retail monster is one bitch we keep feeding. #NYT:
"Today, some of the most sought-after real estate by retailers is not in #SoHo,
but five miles away in Red Hook, a gritty #Brooklyn
enclave with a shipbuilding past. E-commerce merchants are vying to lease part of a huge warehouse space, spanning 11 acres, that would allow them to deliver goods the same day they’re ordered online.
The profound reordering of New York’s shopping scene reflects a broad restructuring in the American retail industry.
E-commerce players, led by the industry giant Amazon, have made it so easy and fast for people to shop online that traditional retailers, shackled by fading real estate and a culture of selling in stores, are struggling to compete. This shift has been building gradually for years. But economists, retail workers and real estate investors say it appears that it has sped up in recent months."