In a move that suggests physical retail stores aren’t dead, Amazon has opened three bookstores and over 60 pop-up stores in the US, and has plans for up to 2,000 grocery stores.
Urban retail space is being transformed yet again. Predictions of the demise of physical retailing in the face of online competition overlook its resilience over two centuries of disruptive innovations.
Westfield Burwood circa 1999, a year before being demolished to make way for a new Westfield building.
Wikimedia Commons (unknown author)
The fact that Westfield's founders are moving out of physical store development to invest in innovative retail technology shows what's to come in Australian retail.
Shopping centre and retailers need to give shoppers a reason to go to physical stores.
Retailers and shopping centre operators need to entice customers to stores, leading to some interesting experiments.