How Millennials Will Reshape the Retail World

30 years from now, retail as we know it will be unrecognizable, thanks to the shift from Baby Boomers to Millennials. The mall of the future will likely include four trends, the Wall Street Journal reports. For starters, say goodbye to the layout that features clothing, electronics, general merchandise, and a casual food court. Expect more fitness centers, medical services, grocery stores, spas, and even schools in a safe, hygienic and climate-controlled space. Secondly, the artisanal goods movement—think farmers markets and Etsy—is here to stay, taking about 15% to 20% of the consumer economy. Expect clothing of the future to be personalized and tailored. And thanks to cellphones, food trucks, and farmers markets, retail will be more mobile. Soon, we'll be telling our kids about the old days before drones delivered our products. [WSJ]

Continue reading this story with a free account

Log in or register
Related Topics: Baby boomers , Malls , Millennials
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Stockdale Hires Fortress Exec To Launch Debt Business

Lone Star Seeks 58% Uplift In Under 3 Years With £175M UK Mall Sale

Inside The Nationwide Jockeying For Opportunity Zones 2.0

Furniture Outlet The Dump Is Getting Dumped In Atlanta

Simon Approaching End Of The Road With Struggling Suburban Boston Mall

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Bucks County Mall Closing As Owners Prepare Redevelopment Plans