Bankrupt the malls through e-commerce and then buy the mall properties at fire sale prices. Brilliance!
@pacman85515 жыл бұрын
Wall Street Journal please pin this comment
@Q_QQ_Q5 жыл бұрын
that's the plan baby .
@sidharthcs21105 жыл бұрын
Capitalism at its finest
@Q_QQ_Q5 жыл бұрын
@Bryan Dubon walmart is preparing for Amazon . Walmart bought Flipkart (India's biggest online retail ) for $16 Billion for 77% stake valued at $22 Billion. I am sure Walmart is preparing for Amazzon .
@DavidLLambertmobile5 жыл бұрын
Retail Archeology should address this topic... he has cool dead mall videos... dan bell too...
@jiainsf5 жыл бұрын
I know people like to joke about this, but this time, for Amazon, it really is free real estate
@karsten37805 жыл бұрын
JerseyMark and now my day is ruined.
@lolmock255 жыл бұрын
Ive watched the videos where people explore abandoned malls they even say the cost to buy them is very low for the size
@MrTomtomtest5 жыл бұрын
Yep but in the same time the malls would sell for even sell if Amazon wasn't buying them up. Reconverting those unused structures into close proximity warehouses ain't stupid.
@RobShinn5 жыл бұрын
Free it is definitely not. Low cost? Yes. If the abandoned mall space hadn't been sold to Amazon, it definitely would've been sold to someone else, eventually. For the reasons given in the video, for the right customer, these properties are a potential goldmine.
@Q_QQ_Q5 жыл бұрын
@Rob Shinn like amazon with rail lines
@MustPassTruck5 жыл бұрын
Amazon is turning into the company from WALL-E.
@bellumsemper26545 жыл бұрын
WALL-E was a satire of the big box stores. It was more a commentary on Walmart than Amazon. Amazon is hardly a big box store
@whodis7155 жыл бұрын
Super Cool all those grammar errors and you’re trying to school someone on “business” Amazon is doing what a business is meant to do. Make money Its called capitalism. And amazon does it right by having competitive prices.
@-Burb5 жыл бұрын
Mr. Collier Buy N Large is your superstore; We've got all you need and so much more; Happiness is what we sell; that's why everyone loves BnL!
@IsaiahGamers5 жыл бұрын
Very true. Amazon isn’t just an e-commerce giant. If you scroll all the way down Amazon.com website, you’ll see everything they own.
@bri10855 жыл бұрын
@@bellumsemper2654 Amazon have the same predatory practices as big box stores
@mightisright5 жыл бұрын
We should use half of the dead malls for Amazon warehouses and the other half for homeless shelters (for their employees).
@socal_la40805 жыл бұрын
What do you mean by that?🤔
@joshuaconstable63235 жыл бұрын
rob temple he thinks they don’t get paid enough
@NathanDavisVideos5 жыл бұрын
Orwellian Big Brother?!?!
@silkebacher83665 жыл бұрын
They will only employ robots in the future
@NathanDavisVideos5 жыл бұрын
@@silkebacher8366 Unfortunately... That actually seems to be true. That's pretty much where we're heading if Amazon keeps on automating more of their fulfillment centers, and eventually, very few "working-class" people will run the floor. And the only ones that will get paid are the white-collar "Jeffrey Bezos"-types (and maybe some technicians just to maintain the robots in these fulfillment centers) while the rest of us get fired, and lose our jobs to these robots, because of it!
@InderjitSingh125 жыл бұрын
they need to cover that roof with solar panels
@kiwiEverything5 жыл бұрын
Inderjit Singh Like apple and their headquarters (mind my spelling)
@ZidaneSteiner5 жыл бұрын
solar panels kill birds
@lain116445 жыл бұрын
Solar only makes sense in California where you get suns 365 days a year.
@theworldoverheavan5605 жыл бұрын
@@lain11644 yep
@GlobalGaming1015 жыл бұрын
@@ZidaneSteiner thermal solar kills birds, not photovoltaic solar.
@alek4885 жыл бұрын
Reasons: 1. They are huge and have lots of space. 2. they are everywhere 3. they all have good location since there malls
@DonnieDarko15 жыл бұрын
4. Faster delivery. "Move more quickly"
@MyMostBeautifuCinema5 жыл бұрын
VirtueOfTheLessBrilliant TLDW*
@Vert03135 жыл бұрын
@ L.
@nicg95995 жыл бұрын
thanks for repeating exactly what the video said. how original
@wierdgamer30675 жыл бұрын
Its large space, it's already built, and the foundations are most likely still good. It's really cheap.
@lauej5 жыл бұрын
They rebuild it
@juch35 жыл бұрын
@@lauej just to remove all those retail space and escalators they don't need
@JackReacheround5 жыл бұрын
@@juch3 Cheaper to tear it down a design a building that works for what you're doing rather than retrofit another layout.
@hephaestus5115 жыл бұрын
They could make worker barracks inside the building to save on costs.
@MrSvenovitch5 жыл бұрын
@@hephaestus511 slave barracks....and a whipping post by the escalators
@57z5 жыл бұрын
I think this is Part of their plan to achieve 1 day shipping. Also amazon has set aside something like 800million this quarter to get the last ~25% of America within one day shipping radius. This plan may help achieve that goal
@williamsaunders80475 жыл бұрын
If only Netflix DVD had one day shipping like few years ago. I cancelled yesterday
@Jagerleaf5 жыл бұрын
@@williamsaunders8047 you used Netflix for hard copy dvd's?
@williamsaunders80475 жыл бұрын
@@Jagerleaf Sure for nearly 15 years, now just stream. The hard DVD's have 10 times more selection than streaming. DVD's will be gone in 5-8 years and Netflix is trying to get rights moved from DVD's to streaming
@maxfnmloans5 жыл бұрын
I live almost exatly in between Euclid and North Randall. Many items I click on Amazon tell me I can go pick them up later that same day. Sure, they aren't delivered, but I can get them in a few hours
@williamsaunders80475 жыл бұрын
@@maxfnmloans You must live near a distribution center. The closest distribution center to me is Alabama because streaming is doing FAR better than mailing DVDs in my area. If you are smart, you will STOP paying for DVDs from Netflix. A week turn around for one DVD that use to be two days is not good business.
@patw.65675 жыл бұрын
its kind of the sad to no longer walk in a mall in some places.
@rupenshah15344 жыл бұрын
Don't be sad stop purchasing at Amazon and get up and shop. You'll also get some exercise by walking in a Mall. If you don't shop at Amazon you can go to the mall and keep it alive
@blixx874 жыл бұрын
@@rupenshah1534 and pay more? NO thanks.
@Heavywall705 жыл бұрын
Anyone who remembers the ‘80’s, during which the forced breakup of “Ma Bell” took place has GOT to wondering just how Amazon is allowed to continue in such a way. This is worse than what Walmart did in the ‘90’s.
@Xezlec4 жыл бұрын
They didn't break up Bell just because "big companies are evil". They broke it up because it was a monopoly. (Unfortunately, they broke it up in a way that made no logical sense.) Amazon is not a monopoly, nor is it even close to being one. It's just a big company. That's not illegal.
@davidestradaflores5 жыл бұрын
Amazon playing is playin the game like Monopoly
@albertreed9665 жыл бұрын
No different than Walmart! They come in kill off mom and pop shops and then we're stuck with CHINESE JUNK! PROGRESS? GIVE ME BACK MY COUNTRY AND THE BETTER OLD DAYS!
@tomcotter42995 жыл бұрын
albert reed What was better about paying more for a smaller variety of products and enabling people to skate-by as cashiers and store clerks their entire working lives instead of investing in themselves and building more valuable soft-skills?
@gavcom40605 жыл бұрын
albert reed this is progress alright old man deal with it
@dirtysaint53245 жыл бұрын
Playing? They've won. Just wait until they've sucked up the majority of brick and mortar shops then boost prices.
@dirtysaint53245 жыл бұрын
@@tomcotter4299 So now we're demonizing teenagers with part-time jobs to praise Amazon? Give me a break.
@ljcool175 жыл бұрын
Kinda funny the business that made malls fail are now taking over their old spaces.
@dennisp85205 жыл бұрын
Isn't that always how it goes?
@nochill94755 жыл бұрын
Nah they're just American to the core. Consider the malls as natives and Amazon as settlers, then it will be a lot clearer.
@eldangeroso685 жыл бұрын
Amazon did not make malls fail. Retail simply failed to keep pace with consumer demand. Amazon stepped up to the plate. Now other retailers are trying to figure out how to compete in this new landscape. Amazon forced retailers to innovate. Malls were on their way out before Amazon hit the scene and retailers ignored this fact.
@jakethedog25905 жыл бұрын
Malls aren’t dying but rather are evolving to give consumers a more modern and luxurious experience
@unknownunknowns5 жыл бұрын
eldangeroso68 Right Amazon is becoming a brick and mortar store that it was trying to make obsolete. Though you can order online which the old ones didn’t have.
@emceemk5 жыл бұрын
Hey Amazon, if you're listening (and Alexa, I know that you are), try this: open up the food court of the old mall you're occupying and feed your staff onsite. and open up one of the smaller shops and provide daycare for your workers. Many moms don't work because daycare costs negate their after-tax earnings and put them out of the reach of Medicaid benefits for their children. You can pay them a minimum wage that they actually get to keep. That will be a huge shot in the arm for the local economy, and those at the lowest earning level have the quickest turn-over of putting their wages right back into the economy. This will rehabilitate your increasingly Walmart-ish reputation and be a huge PR coup. DO the right thing, get recognized for it, and start a new model of business.
@rohitb4055 жыл бұрын
Hope some Amazon guy looks into it. Great ideas btw.
@UncleFjester5 жыл бұрын
Maybe Moms should think this through before having a child they cant support on a high school education.
@andrewsessler27755 жыл бұрын
@@UncleFjester Maybe "dads" should get a vasectomy 'cause moms' access to aborting an unplanned pregnancy is seriously under threat.
@Chris-ni7ei5 жыл бұрын
Just me or did he say shit instead of shift 0:45 ?
@savannahcanfield71345 жыл бұрын
Chris yes he did 😂😂😂
@soulmate8055 жыл бұрын
Chris Good ears, he did said “shit”
@pokerpokerfla5 жыл бұрын
no F
@MrGrenade1215 жыл бұрын
lol, yep he did. good ears
@felixgarcia21845 жыл бұрын
When I say shift at work it often comes out that way
@vishalgaurav44115 жыл бұрын
1:42 "they store product for small businesses" Later on kicks them off by launching Amazon basics version of that.
@niktus15 жыл бұрын
yep, gathering data from everyone, then kicking out better-selling items from third parties with their own stuff. Your business with amazon can end in one day literally. Hope it will be taken apart in the coming years.
@1Surge5 жыл бұрын
Yet we have many fools praising them, yes we will have cheaper items but we won’t have money to buy them anyway.
@pudchaa5 жыл бұрын
Vishal Gaurav ha ya I had the exact same thought when he said that.... sad :/
@annoloki5 жыл бұрын
Cancer is something that out-competes its own host for resources, growing into the very spaces occupied by its own life support system, with nothing to stop its greater capacity for growth, until continued existence of both the host and the cancer feeding from it are no longer viable. The host has already lost the battle, as the cancer is able to out-compete the host for resources, so when the host is a human, help usually has to come externally, such as chemo, radiation, or the surgical scalpel. As Amazon is increasingly a global player, it's hard to see what this equivalent would be, so immuno-therapy looks to be necessary - a process by which systems capable of deploying an effective eradication are taught to recognise the cancer as a threat to their own existence, at which point, they do what they do best. Jimmy Carter's remarkable recovery is an example of how well this can work. There is little evidence yet of anything near sufficient here though, it's hard to find reason to suggest an optimistic prognosis, it's far more late-stage than previous examples like with Standard Oil, it's metastasised all over the planet.
@Tytanxz5 жыл бұрын
@@niktus1 Not sure your products can just be kicked out. A lot of people are making money on Amazon by buying stuff from Alibaba and reselling for higher. Anyone can join and they do offer an entire platform for you to easily join the market, which classic retailers would not have done as markets require rent and whatnot.
@kazikian5 жыл бұрын
Something about this makes me really sad.
@amsterphangui57885 жыл бұрын
What's that bothering you? Could I know?
@theazrael44235 жыл бұрын
Smart entrepreneurs will capitalize on that sadness, one day shopping in a real store with the goods in your hand and personalized service will be the novelty.
@ashwinv37505 жыл бұрын
@@theazrael4423 it's going to be a cycle
@nextleveljourney66125 жыл бұрын
Amster Phangui - answer? see the comment that follows yours. 1) Customer Service Is replaced by phone mazes “press 1 for English; press 2 for Violin music, press 3 to get transferred to someone else endlessly....” 2) the only jobs that will be: Amazon fulfillment centers, or gas stations, Waiting tables, or teaching today’s children In America’s ridiculously Underfunded schools. Good luck with any of those - yikes
@HunterShows5 жыл бұрын
Use your words!
@PapaWheelie15 жыл бұрын
Buy stock in cardboard
@theeyeinthesky38544 жыл бұрын
Cardboard and plastic
@woodentoyscom5 жыл бұрын
Let me clue you in - After Amazon buys the property, it's not going to generate tax revenue because you will end up giving Amazon huge tax breaks.
@penguinlittlefeet84635 жыл бұрын
Compared to the land being vacant ... Hmmmmmmmmm 🤔
@swinglow65805 жыл бұрын
I agree with the other dude, I'd rather have some one in the space than let it empty, so it'll just grow old and dumpy. Ya know?
@XxEntaroAdunxX5 жыл бұрын
It will generate Tax revenue from the income taxes of the employees working there, also property taxes depending on whether or not the local government. However Amazon as a whole won't pay income tax as a corporation.
@MrCauseEffect5 жыл бұрын
Maybe its time to dump income based taxation and move to wholly consumption based?
@John-xs9wi5 жыл бұрын
MrCauseEffect flat tax, equal 8-12 percent Rate for every person regardless of income
@throttleblip15 жыл бұрын
Amazon has not killed the Malls..The high rate of retail leases and the changing buyer dynamic has done the malls in.. Department stores like Sears did not change with the times as Nordstrom has done but at the same time Nordstrom was killing themeselves by taking in to many returns to please their customer...its a lose lose...check out Amazons return rates!!! they wont be around forever
@pasquarielloanthony5 жыл бұрын
Ya, your right. It's more about brand identity. People just don't identify with products as much anymore.
@GoodHikes5 жыл бұрын
Malls in the Seattle area are killing it, but they're "premium outlets"
@steverogers81635 жыл бұрын
Wall-mart killed the mall, Amazon is just picking over the corpse.
@biplav325 жыл бұрын
Amazon isn't just retail though.
@spaceape2k25 жыл бұрын
Returns on Amazon aren't as free as you stated, I purchased a air filter the other day, to ship it back it will be like 8 bucks. I paid $16.00 for the filter. I'm better off giving it away to someone for free.
@devilorchard5 жыл бұрын
malls killed it self with high rent. business who had rented there left it.
@lameduck16905 жыл бұрын
The rent didn't substantially increase, sales went down as a direct result of the rise of online marketplaces like Amazon.
@Frost5175 жыл бұрын
Aleksandr Lol. Skyrocketing rents thanks to exploding property taxes in Democrat states were a major factor in killing malls. Online was also a major factor. Both squeezed malls into collapse.
@lameduck16905 жыл бұрын
@@Frost517 Property taxes have hardly affected malls at all. The other factor which substantially influenced the "fall of malls" is the 2008 financial crisis. Trying to pin it on your opposing political party is ridiculous; someone could easily make arguments pinning it on Republicans. I'm not trying to defend malls, they're not exactly a great cultural phenomena. Their downfall is expected after the increased commonality of the internet. Amazon is becoming a monopoly, though, and that isn't good for anyone who isn't an executive there.
@francistran4325 жыл бұрын
property tax ain't rent tho
@1320crusier5 жыл бұрын
@@francistran432 property taxes are based on the worth of the property. Rent then goes up and down based on that. Rent is also tied to the area the property is in (how desired it is), in many cases it is tied to the success of the business in the space, etc.
@waterbottle47825 жыл бұрын
No idea why I am watching this considering I never bought a single thing from Amazon before.
@HunterShows5 жыл бұрын
That's weird. Do you buy stuff on-line?
@campkira5 жыл бұрын
Does it matter?
@simonaivancic5285 жыл бұрын
@@HunterShows its not strange.. i've never bought anything from amozon.. and very rarely buy online.. too many things.. but too bad mostly
@ZiroDeagle5 жыл бұрын
Amazon pls dont eat my money
@luiscoronel15245 жыл бұрын
And my 6 stocks of Amazon go up with it
@lostintheprobabilityfield10705 жыл бұрын
You'll be lucky if Amazon doesn't eat you.
@patriciaoffer95855 жыл бұрын
Yanging
@AudioPervert15 жыл бұрын
Its called vicious capitalism. Dog Eat Dog World. However the pip-squeaks at WSJ still wont say it. Same thing was done by Wall Mart which has left hundreds of american towns and thousands of families devastated and impoverished and disenfranchised. How else is Jeff Bezos so rich ? By mooching millions of people legally. Pathetic this roll down of capitalist entertainment using a sombre voice, background muzak and haunted warehouses.
@yugiohpokemon52855 жыл бұрын
colonel 100 that makes no sense that’s not how a tax break works
@360mibs5 жыл бұрын
watching this video as someone who lives near Cleveland was almost surreal, I've never seen a youtube video focus this closely on the area I live before and hearing names of the cities around me mentioned was odd. Great video.
@augustinnewong45083 жыл бұрын
1. Large empty spaces. 2. Malls are built near residential communities. 3. They are near highways (making deliveries faster) 4. Infrastructure is already in place (sewer, water, gas-lines)
@sgamer17705 жыл бұрын
I'm from cleveland and did not know this, great video.
@Joseph1NJ5 жыл бұрын
Put down that can of beer
@josiahhockenberry98465 жыл бұрын
Euclid Square Mall failed years ago, long before Amazon came along. I'm glad something was finally done with the land. It was a real eye sore and a hazard until Amazon fixed it. Good job!
@cle-chi4 жыл бұрын
I used to love euclid mall in 1980s even worked right there in Red lobster in 1991. lol the good ole dayz
@flowerdoyle37495 жыл бұрын
I always thought dead mall would make great mini communities....homes plus services all under one roof!
@jen_nice20595 жыл бұрын
Flower Doyle cemeteries
@rosly_yt5 жыл бұрын
They were originally intended to be closed ecosysems of living and commerce, but when they actually got built, the apartment half of the equation was shoved out, probably because retail space brings in more money than residencial.
@jackprice65995 жыл бұрын
Someone at Amazon has been playing Cities: Skylines
@Noman10005 жыл бұрын
Working at a mall: Soulless life sucking retail Working at amazon: Soulless life sucking wage cage I guess times never really change
@RockStarHouseBand4 жыл бұрын
More things change, more things stay the same
@AmbientSounds2054 жыл бұрын
Despite all my ragie, i am still wagie in cagie
@rifz424 жыл бұрын
ya, at least malls paid tax, amazon paid zero federal tax. Yang2020! All your questions answered, in detail, with References! www.yang2020.com/what-is-freedom-dividend-faq/
@Zayden.4 жыл бұрын
#capitalism
@vincentconti36334 жыл бұрын
It's only 8 to 10 ten hours a day. Get over it. With that attitude you are gonna have problems. I worked an average of 12 hours a day. And retired young. Good luck!
@jaridkeen1235 жыл бұрын
That land wont generate taxes with Amazon in the building because Amazon does not pay taxed.
@Wheatty3 жыл бұрын
they employ thousands of people who guess what? Pay Taxes.
@michaelstafford68113 жыл бұрын
So true thanks to Trumps depreciation in the tax code. How the scam works is EMPLOEES pay the taxes. Stop shopping at Amazon Period. Th a brick and mortar retail sector had all the living wage jobs. After the fiasco in Alabama nobody should EVER work or shop at Amason ever again. Remember Euclid avenue. It used to have millionaires; now it has crackheads.
@mamabear54784 жыл бұрын
I said this years ago that Amazon is going to kill the malls or shopping centers. Small town shopping centers did well since they didn't have malls but when you have the product coming to you those centers are closing down.😔
@Jettrap5055 жыл бұрын
It's not Amazon's fault it's the changing times
@giovanniwalker44435 жыл бұрын
South Park should make a follow up episode to their Amazon saga 😅
@BangMaster965 жыл бұрын
Amazon vs. Walmart. Who wins? Who's next? You decide!
@alexmayer89435 жыл бұрын
LOL
@benalmahsyur3925 жыл бұрын
Who care. Let them compete with each other.. And we reap the benefit
@alexmayer89435 жыл бұрын
@@benalmahsyur392 Amazon doesn't have any real competition. Walmart doesn't offer you what Amazon offers. And Wal-Mart is a super store on the ground and Amazon is an online super store that you cant compete with. Plus Wal-Mart will eventually close down. They've invest all their money into physical stores and that's not future proof. You can't compare the two. Totally different approach to serve customers.
@alexmayer89435 жыл бұрын
@BingBong Boopledoop lol
@waycoolscootaloo5 жыл бұрын
@@alexmayer8943 LOL! Walmart is not going out of business. XD They are still profitable and are sitting on $Billions right now. They also have a market cap of $292 billion dollars. They are also larger than any other retailer on Earth outside of Amazon. And Walmart is not investing heavily on physical stores. That couldn't be further from the truth. They have doubled down in fact in the digital online space. They have even closed stores and reopened them as distribution centers.
@jasonc83075 жыл бұрын
All these bases are going to be used for their packaging and drone delivery.
@IntelTV5 жыл бұрын
You didn't even watch the video or even use common sense in that comment .
@jasonc83075 жыл бұрын
@@IntelTV oh yeah, I'm sorry we should believe everything that comes out of their mouth. And yes in the future these are all going to be distribution hubs. How else are you going to get same-day delivery if you're not within distance.
@IntelTV5 жыл бұрын
@@jasonc8307 I live in Columbus and have been to Amazon's new hub in CVG, they are service and distribution hubs, in order for drones to even be CONSIDERED they would need approval from the federal gov, state gov, the people and the FAA. Drones we're a test solely in Australia. No drone platforms are planned for years to come, and that's obvious if you follow their stocks.
@buddyclem73285 жыл бұрын
"All your base are belong to us!"
@jasonc83075 жыл бұрын
@@IntelTV you might want to keep up with today's news. The FAA just granted Amazon drone flights and same-day delivery. They're going to need all these hubs.
@StrideRunner685 жыл бұрын
Because malls only last 25 good years, those same buildings could last another 40 years with insurance based workers... too many positive reasons to pass up..
@tedsauerland36905 жыл бұрын
Amazon has been building new buildings instead of using the malls
@40TuberYou5 жыл бұрын
UPS: Look what's in your rearview mirror.
@dayhookah5 жыл бұрын
Not paying taxes is a problem with our government, not Amazon. Everyone should take every tax break that the law makes available. If you don't, you're the fool.
@gregoryeverson7415 жыл бұрын
i just dont pay taxes
@1320crusier5 жыл бұрын
Not only did they pay taxes to the state (211million to US states, 724million outside the US), the breaks they took were from R&D expenditures, losses in recent years, and stock option pay outs to employees that have them (they can deduct total payout amount to options holders from their taxes). Essentially, if they give employees a ton of stock options and the stock goes up and they then cash out... all of that is cut out of the tax bill. So they will actually ping-pong from paying and 'not paying.'
@jen_nice20595 жыл бұрын
CharlieSheen's AIDS taxes are theft
@dr.apollo42264 жыл бұрын
Alair Scott It’s not. It’s the price you agreed to pay as a citizen of a country’s society. If you don’t pay taxes, then you’re not welcome to reap the benefits provided by society. Your choice.
@lisesamoa34504 жыл бұрын
CharlieSheen's AIDS u you ❤️
@dobermanpac10645 жыл бұрын
I never thought Walmart could be in trouble until I watched this video. I give Wally ten years before the go by the way of Sears/K Mart
@rubermanrodriguez56355 жыл бұрын
I really hope something like this happens in Savannah. The Savannah Mall is a great space. If they can mix their industrial space with good stores. Maybe Amazon can help local businesses by also allowing them to sale things on and for Amazon.
@yvonnetomenga57265 жыл бұрын
👍Good overview in a short amount of time. Liked the fact that you included the impact of loss of tax revenue on the local governments on failed malls. Also, good graphics.
@stefanx83445 жыл бұрын
Wait is amazon gonna fully replace irl retail? If they buy warehouses in every town and deliver in 30 minutes theres no way to compete.
@dex216sims3 жыл бұрын
I remember catching the No. 19 bus to Randall Park Mall when I was a teenager. How times have changed
@patricksaxon39835 жыл бұрын
I just hate altering the architectual modern contemporary styles of the malls as they have classic designs to appreciate.
@DeepVerma7285 жыл бұрын
These malls were abandoned long before Amazon came along.
@ericmendez58155 жыл бұрын
Deep Verma . That’s a lie
@DeepVerma7285 жыл бұрын
@@ericmendez5815 You're about 20 years to late.
@campkira5 жыл бұрын
You think?
@jeffreyhueseman70615 жыл бұрын
Part of the reason malls die. Malls have to have a zone that shops there, if another mall gets too close or misses on its target consumer, it's dead.
@lameduck16905 жыл бұрын
@@jeffreyhueseman7061 Malls are dying regardless of whether or not new malls are moving in. People are going online.
@IsaiahGamers5 жыл бұрын
Walmart is sweating so hard right now. Amazon could have ended walmart but walmart faught back
@IsaiahGamers5 жыл бұрын
@chief tp You know what I mean. Fought
@HunterShows5 жыл бұрын
Yeahhh....but Amazon isn't a store. And Whole Foods hardly compares to Wal Mart's market.
@DaveElectric5 жыл бұрын
I was stuck in traffic today....I think that too is another reason why malls are failing. It is just easier to buy everything online and wait for the stuff to come in the mail then to drive out to a mall, be stuck with the objectively worse selection of merchandise and risk getting stuck in traffic. It's all just a complete waste of time.
@jamesrusso725 жыл бұрын
LOCATION, location, LoCAtiON!
@calisthenicschicken88125 жыл бұрын
I heard that before but i don't know from where
@jibrankhantareen73005 жыл бұрын
@@calisthenicschicken8812 Its a crucial term among marketing people. Location is number one in any business
@Lyxzzzzzzzzzzzzz15 жыл бұрын
Clash of clans reference?
@Cjnw5 жыл бұрын
nOrMiE
@jamesrusso725 жыл бұрын
@@jibrankhantareen7300 @CalisthenicsChicken my pops told me.
@Showmetheevidence-4 жыл бұрын
Amazon is a phenomenal business... Yet many of the comments here are people bitching about amazon. What’s the plan? Leave bankrupt malls empty while you click away online?
@shanenolan852 жыл бұрын
💯💯💯🎯🙏🏿
@michaelolson76265 жыл бұрын
Lots of space, access from highways, low cost me: wow they really thought ahead access for low income workers... me: Not that far ahead
@SwagJaws5 жыл бұрын
I live in Euclid! Thanks for the amazing video!
@MsJeffreyF5 жыл бұрын
How could Amazon use the rail road? They're next to the rail road, not a station. Would they build their own station (or whatever the equivalent is for freight)?
@tonyirimu5 жыл бұрын
Amazon is building a space station to shoot for the moon, you think a rail station is rocket science ??? 🤷🏾♂️😁
@MsJeffreyF5 жыл бұрын
@@tonyirimu Well kind of the point of the article is they're buying cheap mall spaces. I imagine it'd be expensive to build a station (especially with regulations/getting the right permits). But I'd be super impressed if they did it (Also I don't think the space stuff is Amazon, it's Bezos' other company)
@tonyirimu5 жыл бұрын
Amazon - Bezos, same difference. You think getting permits would be their biggest headache ? Its a cargo stop not a passenger station. They are Amazon, they will get the station & huge tax breaks on top. (The city might pay for it too...👌)
@michaelsonsarmiento59435 жыл бұрын
If jobs are erased by automation, who will buy the products when everyone has no money?
@bobrvrvrvrv5 жыл бұрын
I would think about it in terms of bartering. Money simplifies this. Therefore, if human labor is not valuable anymore, they have no reason to trade with them, they themselves can create what they need.
@WCCXtra5 жыл бұрын
I wonder if that will also cause deflation. Fewer buyers should mean lower prices.
@ES-mc3cc5 жыл бұрын
The globalists are planning on a communist dictatorship. You will be assigned products that they allow you to have. All of your rights will be gone.
@RunRonaldRun4 жыл бұрын
If all jobs are erased by automation, everything we need is created automatically. Therefore no human needs to get paid in the supply chain. Therefore everything costs zero and we get everything for free.
@reddog50314 жыл бұрын
Universal basic income see Presidential Candidate Andrew Yang for more info
@funny-video-YouTube-channel5 жыл бұрын
The circle is complete. Amazon became a mall :-) *Internet has won.* Or in other words, the new business model has replaced the old model. The retailers better team up and start their own market place with cheap delivery.
@edwardschwenk31005 жыл бұрын
I've binge watched quite a number of videos where someone goes into an almost dead mall, or a totally dead mall, and they will do a voice over, and give history of the mall as they are filming through it. In five of those videos the person narrating mentioned that the beginning of the decline of people going to that mall, had started when someone was kidnapped, and murdered, or if there were a series of robberies at the location, a few years before the mall got to the point of having no stores left in it, and had to shut down. I guess if people feel safer in their homes buying over their computers than risking murder to go to a mall, then the scumbags doing the crimes are also to blame. But there are many many numerous factors for malls shutting down. Online convenience, murder, high rent on mall space, corporate mismanagement, stores not adapting to market changes, etc.
@randyscott33864 жыл бұрын
Where I live Sear's is currently going out of business and Macy's and J.C. Penny aren't far behind . Next will be the mall it'self .
@leehalloway87875 жыл бұрын
Amazon really is taking over the world.
@oarchitekton38455 жыл бұрын
All hail our new overlords, Amazon!
@Nishith85 жыл бұрын
It will never be that big
@campkira5 жыл бұрын
Just North American.. they still such the rest of the world..
@aaronblaylock20925 жыл бұрын
A super Wal-Mart is standing vacant by my house for about 4 years near a freeway exit and a mile from the airport. Just a matter of time...
@charlesgreen6325 жыл бұрын
#Target hasn't been there yet?
@RudieObias5 жыл бұрын
Randal Park Mall was in the next neighborhood over near my childhood home. My family did almost all of their shopping there. When I was a pre-teen/teen, I'd ride my bike to the three arcades there to play video games and eat junk food in the food court. I don't care if the area is rundown now, it's my home!
@hotmojoe24835 жыл бұрын
Man if that isn’t the definition of insult to injury. Not only did the industry that Amazon leads (online shopping) drive the mall out of business, but then Amazon buys their old mall.
@ek97725 жыл бұрын
10. Gobble it up before the competition. To get an idea of size: Sears used to be a part of a mall. Amazon takes over the whole mall.
@f0rumrr5 жыл бұрын
I stopped going to malls long before I started using amazon a lot, I used to work in one. Such a bad environment.
@kanavmoudgil50344 жыл бұрын
Malls: *close Amazon: * It’s free Real Estate*
@TaylorMade5115 жыл бұрын
Walmart is 5 minutes away from me. And exact same items are cheaper at Walmart than Amazon.
@raybod17755 жыл бұрын
Target is also cheaper. I've also seen same goods at the dollar store being sold for $5 and more on Amazon.
@SurprisinglyDeep5 жыл бұрын
Yeah but Amazon is for stuff that you can't buy at your local store like one particular book or a specific machine or somesuch
@chrisklugh5 жыл бұрын
Love it or hate it, but consumerism will prevail till it cant.
@Rich-lp3ue5 жыл бұрын
Chris Klugh Because people consume things. They always have, always will.
@chrisklugh5 жыл бұрын
@@Rich-lp3ue But now we consume for sport. Our Planet could not keep up with our consumption 100 years ago. We got exponentially much better at it since.
@Rich-lp3ue5 жыл бұрын
Chris Klugh meh
@richardshane20805 жыл бұрын
Even though some people don't think of Amazon as a brick mortar business it certainly is! it's a warehouse business and its competing with Costco Safeway and who knows what other big boxes are out there home depot??? so you gotta have some place to store that stuff he can't keep shipping it from Michigan all around the country you need local warehouses transportations hubs smart move see if it pans out for Amazon and Jeff.
@mike958265 жыл бұрын
Also it would mean that for a new mall to be built, instead of buying an abandoned one, it would have to start from scratch meaning added costs. Actually a pretty smart move. This documentary gets what a lot of people and other reporters miss about Amazon, that it is just not one conglomerate, it is actually literally dozens if not hundreds of individually run businesses. Amazon just takes a fee for placing the merchandise on the Amazon web catalog, for taking credit card orders and for warehousing. Something that could be very difficult and expensive if it had to be done individually.They are for new merchandise what Ebay is for used. But Ebay doesn't do any of the warehousing.
@michaelnewton13323 жыл бұрын
Malls: Go out of business. Jeff Bezos: "I'm gonna do what's called a "pro gamer move."
@Live-Life-Freely5 жыл бұрын
With all the roof area Amazon should take advantage and place hundreds if not thousands of wacky inflatable arm flailing tube men.
@Joseph1NJ5 жыл бұрын
No. The government should buy some of these dead malls to produce solar panels, hiring thousands, then sell to Americans at a discount. I'd rather my tax dollars go there than another unnecessary m8d eastern war.
@Live-Life-Freely5 жыл бұрын
@@Joseph1NJ I see your point and still believe that wacky inflatable arm flailing tube men are a better idea.
@Joseph1NJ5 жыл бұрын
@@Live-Life-Freely lol
@tbz15515 жыл бұрын
Convenience kills
@ketolifestyle684 жыл бұрын
i worked at an amazon warehouse in eastvale,ca it was only a few years old.. i work there for 5 hours,... i worked at 3 workstations picking orders,, 2 out of the 3 the scanner didn't work properly... most of the supervisors were straight out of college... it was a young crowd.. yes more horseplay than i wanted... so i quit never to return again..... a multi billion dollar company cant afford to hang fans to have air flow in the HOT dc...nor can they have good scanners that scan fast and efficient...................... what a waste of time.... billion dollar joke....
@youcanthandlethetruth69765 жыл бұрын
The main reason why retail failed was because they didn't have enough stocked variety at the right prices. Retail would stock selective products instead of the products people wanted to purchase. Now with online retail, they warehouse everything and people are allowed to have ample supply of the products they WANT to buy instead of products they are FORCED to buy.
@Supernova120345 жыл бұрын
Amazon sitting at the bar, looking for the most desperate looking chick. You win Ohio!
@tetrabromobisphenol5 жыл бұрын
Yeah, but there is EXCELLENT highway access. So, even if this was a DC to serve other population centers, it wouldn't be a bad investment. Electric power is very inexpensive and Ohio is now a right-to-work state. So, it has a lot going for it despite the fact that yeah, both Cleveland and Akron have gone to the dogs and only the suburbs matter from a retail standpoint.
@jmcnally6475 жыл бұрын
Not just Ohio, there is a whole KZfaq series on Dead Malls in America. I lived near a dead mall on the west side of Orlando. Currently government services are leasing the space. My point is there are hundreds if not thousands of Prime (pun intended) locations Amazon could use.
@Supernova120345 жыл бұрын
@@jmcnally647 Is that like lighting your house on fire, then buying it for dirt cheap after?
@abcdLeeXY5 жыл бұрын
Reinvestment of profit = no federal taxes needed 🤦🏻♂️ murica
@ninja1inblack1055 жыл бұрын
abcdLeeXY that’s pretty brilliant if you ask me.
@angeloc73695 жыл бұрын
Andrew Yang addressed this problem were Amazon is killing all this mall because of e-commerce and are forced to close so what does Amazon do in return it started buying this empty malls and convert it to warehouses. But with robotics these big warehouses don't have to hire a lot of people to do the work.
@cmdr19115 жыл бұрын
They are also building a fulfillment center is Akron Ohio. Rolling Acreas used to be awesome but the area around it feel apart and became unsafe. It is a huge bonus to the area, several large companies have left the area recently.
@bestlty5 жыл бұрын
this is freaking genius
@rickpark2915 жыл бұрын
And they paid zero taxes on billions in profit! ... I think I need a new accountant.
@satisfyinglook82914 жыл бұрын
Are you stupid they are not profitable yet? legally you don't pay any taxes if your not making a profit. That one of many benefits of a corporation.
@Abstrakt_Automotive5 жыл бұрын
The main reason that Amazon is dominating right now is their customer obsession. I work for a third party company that handles their engineering, maintenance and control systems. I’ve launched sites in a few different states and they all have 1 thing in common. Customer obsession. They give people what they want and are willing to make massive changes to satisfy their customers. This is why so many people prefer to shop through them. Likewise, many items on Amazon are sold by small businesses and individuals, who are the ones getting the profit (minus amazon’s commission). Anything that could possibly obstruct a customer getting their package on time is handled VERY seriously. To the point of people all across the country getting called at 2am on a Sunday to make sure things get handled and the package gets out the door on time. This is why they are overrunning retailers. Superior customer service goes a long way. (And whoever said they need solar panels, many buildings thousands of panels. Not all, but they put a massive amount of power back to the grid.)
@chrisk81875 жыл бұрын
I have some available space in my backyard that's pretty close to a main thoroughfare in a fairly dense urban area. Maybe we could work something out. We're talking about 600sq ft. Don't miss this opportunity!
@MasterSamus5 жыл бұрын
South Park writers are clairvoyant
@PhedelCastro5 жыл бұрын
Need a lil tegrity
@MrCTruck5 жыл бұрын
Jimmy Dore told joe Rogan that once Amazon undercuts all the brick and mortar stores, they buy them up and start selling stuff out of the store. Or in this case use them as shopping centers that people use virtually to get immediate shipping instead of walking to a store
@siliconinsect5 жыл бұрын
If Amazon is so invested in Cleveland why not buy their own city? The city of East Cleveland has been in financial trouble for years and has entire blocks of abandoned property.
@iankirby41605 жыл бұрын
Buying the spaces from those you put out of business, that’s true insult to injury
@nickf80285 жыл бұрын
GOT spoiler.... Amazon buys kings landing makes it a shipping hub.
@ryan.y48955 жыл бұрын
Amazon, Huge E-commerce giant. With lots of real estate. Probably bigger than some countries
@casualsuede5 жыл бұрын
I visited a multi-billion company in San Antonio whose HQ was in a converted shopping mall. It was fantastic, as they put their call center in that location having plenty of space (and parking). Malls are no longer viable retail options but could be gold as a office environment.
@BD-oc7fj5 жыл бұрын
Am I the only person that doesn't shop online?? Sometimes I feel like it... sometimes I feel sad that the mall is empty..
@medreda65175 жыл бұрын
Why wj talking alot about amazon lately 🤔🤔🤔
@jamess54155 жыл бұрын
Cleveland rocks!!
@ElCapitan19975 жыл бұрын
People!!!! Don’t let malls go away!!!! They’re our childhood and history!
@nitrous07me5 жыл бұрын
They opened a fulfillment center down the street from me, that place used to be a furniture warehouse
@TYNEPUNK5 жыл бұрын
ironic, amazon puts them out of business, then buys them up to operate out of in a slightly different way.
@brod24745 жыл бұрын
"Slightly" lol
@ponemahelementary48265 жыл бұрын
So in Cleveland, were the shopping malls or Lebron's hairline hit harder by the recession? Asking for a friend.
@wolimoli5 жыл бұрын
Hairline Everything was abandonded way before then
@DanielBrandnad78775 жыл бұрын
4:07 "Especially for lower income workers" 😡 If they work at Amazon they shouldn't be 'lower income'. Right!?
@wolimoli5 жыл бұрын
Middle class if working 40 a week at Amazon
@bobbyharper87105 жыл бұрын
I wouldn't mind getting my Amazon packages same day.
@paza-shai66215 жыл бұрын
Soon Amazon will buy me and my house.
@kawola175 жыл бұрын
That's the plan. And your family too.
@JamButter1235 жыл бұрын
Paza-shai 66 also your virginity and soul too
@NathanDavisVideos5 жыл бұрын
@@JamButter123 😂🤣😂🤣
@tynao20295 жыл бұрын
already bought and your life is as a slave
@colgatetoothpaste48654 жыл бұрын
The answer is smaller privately owned retail units free of sale taxes , this will put the money directly into the people's hands , not into a big corporation
@somewhat.random5 жыл бұрын
Amazon is also building a fulfillment center on the site of the old Rolling Acres Mall near Akron Ohio. That's only about 30 miles south from the North Randall location.
@gaetanovindigni88245 жыл бұрын
Abandoned malls could become 3D manufacturing centers. Why ship if it can be made locally?