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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (9038)	11/27/1999 4:58:00 PM
From: Ken Ludwig	Respond to of 78611

I lurk here a lot for the good thinking and exchange of ideas. Retailing strikes me as an industry having to undergo revolutionary change with most of the players not having the ability to change rapidly enough to meet the e-commerce challenge. I too think that people will continue to go to malls but they will, more and more, go for social rather than purchasing reasons-the "new Main Street" Mall retailers may evolve into showcases where folks can touch and feel the merchandise, order and get it shipped the next day or sooner. To stay in business the entertainment function of almost all retail will have to be emphasized over the immediate impulse purchase as e-tailing becomes more familiar and more impulse driven itself. The challenge is how to make money at it. I live in a town which has a revitalized downtown and the old Main Street is very much a competitor of the new. And that competition is NOT retail but for the entertainment dollar. Like Paul I have been wrong many times before and in this case, because the only new stuff I buy is food, I am more likely to misread the whole megillah. But the arguments against bricks and mortar and B and M thinking seem pretty compelling to me. Psssst, wanna buy a mall cheap, maybe put up a UPS distribution center or picnic ground?