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Grand Pacific Seapointe EOY Odd
There is an interesting article on Forbes about businesses that will forever be changed by the pandemic. I wont link the article because its probably a paywall and even if you get through its loaded with ads. It was on my phone news feed.
Here is a summary with my comments/opinions.
1. Real estate/office Rentals - CEOs are realizing employees can work at home economically with the advances in tech and high cost of rented office space. Biggest victim CBRE, owners of high rise office buildings, keeping the lights on is draining the balance sheet.
2. Brick/mortar departments stores - older people staying at home are realizing they can shop from home conveniently. Macys, Neiman Marcus, Kohls, etc all ready to file bankruptcy. The business model of owning large store buildings will not be sustainable. I will miss shopping the clearance rack at Kohls.
3. Movie theaters - AMC lost over half its valuation, nearing bankruptcy. Universal is refusing to give theaters their 90 day advantage over streaming services, released Trolls 2 online and made a boatload of money, more than what was shared with theaters. All the streaming services are taking off with stay at home, lots dropped all fees and offered free service to entice new viewers.
Amazon is sniffing around AMC for a possible purchase, I could see this sale happening, Prime members could book cheap seats in those new recliners recently installed. AMC has a ton of debt on the books while Amazon has a ton of cash reserves.
Amazon may also be interested in the retail stores, they already have deals with Kohls for people to return Amazon purchases. Make them return centers and sell off returned items like a thrift store?
Sent from my iPad using Tapatalk Pro
Here is a summary with my comments/opinions.
1. Real estate/office Rentals - CEOs are realizing employees can work at home economically with the advances in tech and high cost of rented office space. Biggest victim CBRE, owners of high rise office buildings, keeping the lights on is draining the balance sheet.
2. Brick/mortar departments stores - older people staying at home are realizing they can shop from home conveniently. Macys, Neiman Marcus, Kohls, etc all ready to file bankruptcy. The business model of owning large store buildings will not be sustainable. I will miss shopping the clearance rack at Kohls.
3. Movie theaters - AMC lost over half its valuation, nearing bankruptcy. Universal is refusing to give theaters their 90 day advantage over streaming services, released Trolls 2 online and made a boatload of money, more than what was shared with theaters. All the streaming services are taking off with stay at home, lots dropped all fees and offered free service to entice new viewers.
Amazon is sniffing around AMC for a possible purchase, I could see this sale happening, Prime members could book cheap seats in those new recliners recently installed. AMC has a ton of debt on the books while Amazon has a ton of cash reserves.
Amazon may also be interested in the retail stores, they already have deals with Kohls for people to return Amazon purchases. Make them return centers and sell off returned items like a thrift store?
Sent from my iPad using Tapatalk Pro