Nick ck A. Egel elanian anian President: MALL AMAZON/ FAILURES - PowerPoint PPT Presentation

August 14 Aug 14, , 20 2018 Nick ck A. Egel elanian anian President:

MALL AMAZON/ FAILURES Whole Foods!!! RETAIL APOCALYPSE E-COMMERCE OUTLE LET EXPANSIO ION DECLINING DEPARTMENT STORE RESTAURANT FOOT TRAFFIC CLOSURES PROLIFERATION WEALTH ENTERTAINMENT FACTORY STORES GAP RETAIL IN FULL PRICE CENTERS RETAIL in A Post-Department Era MAR 2017

STRATEGIC RETAIL FRAMEWORK RETAIL in A Post-Department Era MAR 2017

A. 20 th CENTURY U.S. From Downtown Shopping RETAIL EVOLUTION RETAIL in A Post-Department Era MAR 2017

To The Department Store Era And 3,000 American Regional Malls Kil Killed led by by … RETAIL in A Post-Department Era MAR 2017

Department Store Deconstruction And “Big Box” Retail COMMODITY RETAIL RETAIL in A Post-Department Era MAR 2017

The Result: Market Share “Big Box” Retailers Vs. Department Stores RETAIL in A Post-Department Era MAR 2017

Commodity Retailers Vs. Department Store Market Cap ($B) RETAIL in A Post-Department Era MAR 2017

B. 21 st CENTURY U.S. RETAIL ALIGNMENT RETAIL in A Post-Department Era MAR 2017

21 st Century Retail Alignment Two SEPARATE Retail Industries SPECIALTY 85% 15% RETAIL PRIMARY DISCRETIONARY HH INCOME TIME AND AND PURCHASES PURCHASES RETAIL in A Post-Department Era MAR 2017

COM OMMOD ODIT ITY RET ETAIL: IL: PR PRIC ICE/ E/ CON ONVENIE IENCE EQ EQUATIO ION Hig ighest price ice lowest price ice Most convenient least convenient E-tail E-tail Convenience DRUG grocery Discount Category Warehouse stores stores stores Stores killers stores E-tail RETAIL in A Post-Department Era MAR 2017

SPE PECIA IALT LTY RET ETAIL: IL: EMOT EM OTIO IONAL CON ONNECTIO ION DISCRETIONARY TIME DISCRETIONARY INCOME Best-in-class EMOTIONAL Authentic textured ATTACHMENT shops places PRODUCT PLACE RETAIL in A Post-Department Era MAR 2017

SPE PECIA IALT LTY R RET ETAIL IL FO FORMATS THEMED CENTERS & TRADITIONAL MALLS OUTLET CENTERS ATTRACTIONS MIXED-USE & HIGH STREETS OPEN-AIR CENTERS RETAIL in A Post-Department Era MAR 2017

As of 3 rd Quarter 2017 – 9.1% RETAIL in A Post-Department Era MAR 2017

RET ETAIL IL SALE LES DIS ISTRIB IBUTIO ION ( ( Pa Part 3 3 ) 20 2015 15 Pur Pure e – Pla Play onlin nline retail ailer sa sale les and and percent of f total al Pu Pure-Pl Play E-Commerce sa sale les s Source: national retail federation top 100 retailers chart, 2015, euromonitor RETAIL in A Post-Department Era MAR 2017

OUR FINDINGS RETAIL in A Post-Department Era MAR 2017

THE WAVE: OUR FINDINGS 1 . TRANSORMATIVE MIXED USE PROJECT 2. UNIQUE SPECIALTY RETAIL AND ATTRACTIONS 3. NET GENERATOR Of NEW MARKET DEMAND 4. BRIDGE FROM THE RESORT DISTRICT TO THE CONVENTION CENTER, THE VIBE & THE ARTS DISTRICT 5. NO NET DISPLACEMENT RETAIL in A Post-Department Era MAR 2017

Q&A Nick ck A. Egel elanian anian President: