The death of department stores
Recode Daily
Recode
4.6 • 1.3K Ratings
🗓️ 30 November 2020
⏱️ 9 minutes
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| 0:00.0 | You're a gamer. Yes you! Whether you play Fort Knight all day, can't quit Baldur's Gate 3, or just |
| 0:05.8 | brag about getting the wordle in the three, gaming is everywhere and for everyone. And for the next few weeks |
| 0:11.0 | on the vergecast, we're covering all the ways gaming is changing. |
| 0:14.3 | We're looking into how old games are made new again, how games are coming out of our TVs and into our hands, |
| 0:19.6 | and what's next for the biggest billion dollar games on the planet. Our series is running now and you can |
| 0:24.5 | listen anywhere you get your podcast. It's the Virch. It's a podcast. It's the Virch cast. See you there. There. |
| 0:37.0 | Today is Cyber Monday. It's a great time to get good deals online and keep on shopping for the holidays. |
| 0:44.3 | And this year, like last year, Cyber Monday sales are likely going to be bigger than they |
| 0:48.8 | were on the other big day of the post- Thanksgiving rush, Black Friday. This is all part of a trend |
| 0:55.1 | accelerated by the pandemic. The death of in-person retail shopping. That's |
| 1:00.9 | stuff you do on Block Friday. |
| 1:02.8 | Jason Delray, RICO's retail correspondent, |
| 1:05.2 | is here to talk about it. |
| 1:06.0 | Hey Jason. |
| 1:06.9 | How you doing, Teddy? |
| 1:08.3 | So bring me back to before the pandemic. |
| 1:11.0 | What was happening to the mall, the department store were what was happening to the mall the department store even before any of us |
| 1:15.4 | knew about COVID? |
| 1:17.8 | Department stores were really really struggling. |
| 1:20.3 | This is not a new thing in so much as it's been a slow contraction of the department store sector that's definitely gone on for the last decade and probably some signs of it even before that. |
| 1:33.0 | You know, the department stores in the malls, their fate is somewhat intertwined. |
| 1:38.0 | Department stores are often what's called the anchor tenants that sit on the outside of the malls and are charged with sort of |
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