RMG 100 Lecture Notes - Lecture 5: Baby Boomers, Landspace, Personal Development
20 Oct 2017
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Document Summary
Tips for success (cid:498)if you want to succeed, double your failure rate. (cid:499) learn from mistakes and successes: boundaries need to be pushed. What is retail revitalization: transformation of an area of limited usage and effectiveness into a multi purpose, Why has retail changed: customer needs/demographics continue to change. Income changes: donut effect around cities, continued urban shift over 80% of the population lives in urban settings, less (cid:498)household(cid:499) time due to, dual income. Future retailing demographic shifts: gradually aging population (in 2027 the over 65 group will be close to 25%) Leisure time activities: activities gearing to maturing population, more individualized, less competitive, more time to selves. Technology cost of arable land and resources will increase increasing overall in market increasingly too fast to understand where it will be but the information it generates that will be substantial increased immigration will be used to grow population. Inclusive communities: mainly independent retailers, everything you need from people you know.
