The Future Of Retail I heard the sound outside the window — a cross between one of my neigh- bor's remote-controlled airplanes and the faint sound of a low-flying propeller plane. The kids ran to the window, excitement on their faces. "It's here, it's here!" they exclaimed. The faint sound grew louder and shifted from a hum to a steady buzz. As I looked up, I saw the markings "Amazon Delivery" on the underside of the drone's wings as it mysteri- ously lowered itself to a height of 10 feet above the house, directly over the front porch. A zipping sound followed as the robotic arms of the drone lowered the Schwinn XP5 bicycle, in its crate, to the porch. My iPhone then let off the new distinct "ting- ting" ping of a text message indicating that delivery was complete and in a flash, the drone was off to its next stop. As we began to uncrate the new bicycle, which came equipped with a traffic guid- ance system, helmet with sun visor and riding suit, the Hiller's drone made its twice-weekly stop dropping off grocer- ies, and the Nordstrom drone deposited what appeared to be shoes and a purse that my wife had apparently ordered. I felt like my iPhone had become a hot potato, tinging relentlessly with each delivery. After the bike was set up, I returned to my study, placed on my virtual reality visor and shopped for a shirt and jeans at Nordstrom. It was amazing, before my eyes, the selected shirts and jeans were on me, in the precise size fit to my build as defined and viewed through the virtual reality visor. I hit the purchase button. Exhausted, I flopped onto the couch to watch the Masters in full bloom on the 120-inch flat screen. I recalled those wonderful years where I would walk the aisles of the Hiller's Supermarket and journey to the mall to shop. It seemed like yesterday that "retail" encompassed brick and mortar — for hard goods such as bicycles and household items, as well as for food. I The drones lined up at the outlets reminded me of the Delta planes lined up at the McNamara terminal. It's sad though. All of those people, all of those jobs — gone. The impact on the economy — well that remains an ongoing debate. By the end of the retail era, wages had fallen so low that retail barely afforded anyone a living, and the hours were long and longer. When the chains went to 24/7 from Halloween forward to chase the holiday shopping season, it was clear that big changes were on the way. "Papa, papa; my young grandson shouted to me. "Wake up, wake up, Morrie and his ice cream truck is on the street. We need to get out there right away!" My head cleared as I rose from the couch and a smirk came to me as I real- ized that at least for now, it was all a dream. enjoyed the physical opportunity to touch and smell items in person before mak- ing a purchase, as well as the dialogue and banter of salespeople and cashiers. I walked down memory lane, recalling the Ben Franklin store on Coolidge and the Freund Bike Shop. Years later, there were all the stories of Walmart Super Stores causing the elimination of the small neighborhood retail block. Then came Amazon — the drone delivery system —and virtual real- ity shopping. Poof! We lost Radio Shack, Barnes & Noble and JC Penney, and by 2020 —the giants Target, Macy's, Apple, Home Depot. Even the grocery chains had become virtual distribution centers. MAI ❑ Ken Gross is an attorney with Thav Gross and host of the Financial Crisis Talk Center show that airs weekly at 9 a.m. Saturdays on WDFN 1130 AM, "The Fan" and 11 a.m. Sundays on MyTV20. When's the best time to refinance or get a new mortgage? We're ready and willing to help you take advantage of INCREDIBLY low rates. For more information, please call Maggie Currier at 248.283.6454 or Mcurrierbankofbirmingham.com LOAN PROGRAMS INCLUDE: Conventional, Jumbo, FHA, Construction & Home Improvement All Real Estate Loans subject to credit approval and property evaluation. NMLS#407819 BANK0F I BIRMINGHAM Member FDIC Banking built around you. CI EoER www.bankofbirmingham.com April 10 • 2014 53