Behold the Wondrous Evoluscope, a ground breaking mind bending parascientific device which allows us to take snapshots of the future. Future scenarios are projected through hpotheses of how our current civilisation could evolve. The evolution, mutation and hybridisation of the architectural type provides the final scope of our investigation which is seen as an expression of this change. This is the architectural thesis of Scott Mason at The University of Melbourne.

Thursday, April 29, 2010

The Vanishing Shopping Mall

More Than  400 0f the 2000 largest malls in America have closed over the past 2 years.  Some 150 000 retailers are projected to fail in America this year and so mall foreclosures will be imminent.  A mall or shopping centre represents discretionary spending and discretionary spending is in decline.

Retail sales figures here in Australia are following the same patterns in America and the world.  retail expenditure here dropped significantly since the global financal crisis struck in 2009.  Consumers are spending less and spending less often.  As the over retailing of our urban environment continues those centres least able to offer consumer incentives through activity, form and environment.




Sources:
Newsweek - http://www.newsweek.com/id/168753 
Let's Talk Business, Issue 81 May 2006
Australian Bureau of Statistics - http://abs.gov.au/AUSSTATS/abs@.nsf/mf/8501.0
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