Motley Fool Money Fortnite vs. Apple and the Future of Malls
Aug 14, 2020
Joe Magyer, Chief Investment Officer at Lakehouse Capital, shares insights on navigating investments during the pandemic and the transformative rise of digital payments. He discusses how companies like PayPal are reshaping financial habits and the structural changes they bring. The podcast also delves into the future of U.S. malls, exploring how partnerships with Amazon could turn retail spaces into distribution hubs. Additionally, the tension between Apple and Fortnite gets a spotlight, showcasing the evolving landscape in tech and retail.
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Malls and Distribution Hubs
- Simon Property Group, America's largest mall owner, considers repurposing anchor stores into Amazon distribution hubs.
- This could mitigate the impact of declining department stores and attract more traffic.
Grocery Stores as Anchor Stores?
- Distribution centers alone may not draw the same traffic as traditional anchor stores.
- Integrating grocery stores into malls, potentially by Amazon, could be more effective.
Simon's Acquisitions
- Simon Property Group acquired bankrupt brands like Brooks Brothers and Lucky Brand Jeans.
- They also bid for JCPenney, demonstrating their strategy of acquiring undervalued brands.