Description: You don’t have to look too far in most cities and towns to see a boarded up shopping mall or other retail establishment. But while the traditional theory puts the blame on online shopping, a closer look at the data reveals three other forces have a bigger share of the blame. Big box retailers, a rise in the relative value of services, and the rise of income inequality have had more of an impact than the internet in terms of shuttering traditional retail establishments.
Date: February 14, 2020
1) Have you witnessed the decline of traditional bricks and mortar establishments in your university town?
2) Did this article surprise you? What can an article like this teach us about digging deeper for explanations when we see something happening in the world?
3) Wiley’s Managerial Accounting : Tools for Business Decision-Making provides us with a short vignette on Apple on page 373. How has Apple both positively and negatively impacted traditional shopping malls?