May 1, 2014|
Automatically Generated Transcript (may not be 100% accurate)
We are looking at how we shop while observing the 25 anniversary of the area's biggest shopping mall the Walden galleria. Joining us on the WB and -- Craig Conroy executive vice president at con right research group. Craig good morning. -- issues I think you injunction to start Weiner said that the last two times I've talked -- second route would be asks why. Staying in the great country city halfway there will you also your first bottle I likely to work. -- think Randy bush over should get the second model because. The finest producer ideal way they -- probably -- -- -- -- two month old boy around the country and which -- he. Second he should be network probably don't want pollution in buffalo. They don't don't go there Craig in and we were gonna have to pay for this for a long time now. Let me let me get on to the subject were talking about witches shopping and how we shop you know the galleria. Has gone from a shopping mall really too -- destination center over the past 25 years. They've got an indoor racetrack great restaurants upscale movie theater now. Is this the way it has to reinvent itself to state a player. Yes and pyramids pretty pro active in things like that they've got some good centers around the country pyramid -- Cherokees and this is one of the things that if you don't reinvent yourself you'll be dead you'll be empty where. And that's one of the things that these constant. In the old -- and hades is the most eighties. The seventies they required him to remodel every seven years but -- the good developers. And now totally remodeled or -- Tenet kicks in people out bring something new it you know that the idea of the get go -- -- Fantastic. Communicate their somewhat safe but not influence that interpret certain -- and and certainly adult young and middle aged adults that wanna. Enjoy this thing so that that's one of the unique things they've done there they've got some good upscale -- they've got a good mix in Dick's Sporting Goods those kind of things. And I think they're they're planning for the future they've done a good job in retail and I think and a. Remodeling refurbishing. Some places can take the gross national product of a small country. And still they want change you -- attitude to come back to the -- but I think Walton gallery it will -- for the future. Craig what else go to a mall offered to shoppers. That they don't go for now. I mean what's left. What I can get a good consulting -- what. In that there isn't a whole lot less. You know we've got to. Destinations and that's what. Senator pretty much history category -- commercial -- and -- We're quick in and out neighborhood things in the park senator. In glorified. Couple neighborhoods in any heavier regional super regional malls and in Walton gallery right on that border. Regional super regional mall that he drug from a vast area it offers a broad lifestyles. Choices in shopping and dining in -- There's things that people wanna do we're never gonna go back to the eighties heyday where everyone want to be a ball which we've grown beyond that is a country shaky. But it's certainly is -- important. Part of the retail. Scheme. You don't big box retailers are leading our poll we're asking people where they do most of their non grocery shopping. And that's the big -- is number one. But it online is number two malls are coming up and in third place in this you know Amazon prime is such a big player now on since beginning bigger and bigger every year. What is the future where will we be doing most of our shopping in the next 25 years. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And they get there dog crew delivered front door. By Amazon they get number -- just makes their lifestyle easier. We see that you know a lot of people are going that way it makes life easier and if you become more bullish. Super shoppers on a couple of services -- shipping is free for a relatively small secret that you're. -- you don't -- the key in the nation don't drive seven mile. Should the air UPS and FedEx guy -- the door. You know we hear a lot of -- the Mall of America commercial an efficiency of their including a virtual amusement park inside the mall. To most people go there for the attractions or do they actually go to shopped in other stories on the mall the mall successful. Yeah pay as as a group -- -- I've been there a couple of -- impact about a labor Minneapolis Alex managed to take care. Two flights later they'll let me -- And it's only fifteen minute -- from the airport to well. All the ordinary can and if there's a lot -- MM a significant when it was built significant plan which not to be. You know regional but it super regional or make a regional center that. The course will come there and make it destination and stay in nearby hotel motel that they're not there. Because of people seventeen miles away but if they're because people. Our -- Twin Cities for something and and that's obviously in this estimation as an go to Washington DC why she's missed Sony and and different things like that. You want to keep all of America -- twin city. Is irritated you know we've been hearing about drones. Are we going to have drones delivering things that were buying to our front doors. The FAA take strong stands against the individuals and drugs even some movie people got in trouble for that -- -- comes to do it over -- of their shooting. And cut slept I believe the only state to. The that they were not right now North Dakota which -- Sparsely populated I think that's -- one of the petitioners. To be six to -- courtroom. Delivery in this country into the it'll be interest in deceit but. I don't think any -- -- -- when I wouldn't shelved popular mechanics that you were taken hovercraft or yeah. Rocket -- to work him that thirty years ago. Haven't seen hovercraft here rocket -- yet to get to work and so on tonight but I don't think it's going to be quick thing I could be wrong but I can't stick -- Okay we'll see on that hey Craig fun talking with you on the subject thank you. Wasted when you get that Weiner go on I wanna borrow. Okay and Randy bush -- -- a raise. -- we'll see about that thanks that's Craig Conroy and vice executive vice president that the primary research group.