The US has 23.5 square feet of retail space per person, compared with 16.4 square feet in Canada and 11.1 square feet in Australia, the next two countries with the most retail space per capita, according to Morningstar Credit Ratings.
Tech investments make no sense unless they lead to an increase in productivity. And we are simply in the midst of increasing productivity through the retail chain—less brick and mortar and more online sales.
Good point. Are we just seeing the creative destruction of brick and mortar as the net takes over? That’s part of the equation but there’s more...
Looks like more of the same slow but positive economy for now. Given the demographic condition we will finally improve into a normal growth economy during the period 2022-2025.
We still have a ways to go. We are still working off the excess capacity of having 80 million people reaching their peak spending age at about the same time. Now that 80 million group has passed peak spending age. The new group coming up is in extended adolescence, and spending on student loan payments, which produces nothing for the economy.
The cross-current mean continued stagnation for now.