Futterman: Brick-and-mortar and e-commerce can co-exist

The retail chief believes that internet shopping won't kill the high street

TRD New York /
Aug.August 17, 2017 08:00 AM

It’s easy to attribute the rise of e-commerce to the slow death of Manhattan’s brick and mortar shops — but RKF chief Robert Futterman sees it more as a symbiotic relationship.

“Online retailers that have a bricks and mortar presence are the ones that actually preform well,” Futterman told The Real Deal’s Konrad Putzier. “Online retailers don’t really make a lot of money — maybe Amazon aside — but until they have a brick-and-mortar presence do they really see their sales increase.”

Futterman pointed to physical stores opened by e-tailers like Bonobos and Warby Parker as evidence that the internet and bricks and mortar can co-exist. As for Amazon’s acquisition of Whole Foods, Futterman called the merger “brilliant.”

“[It’s] the poster child for the merger of the internet-shopping and bricks and mortar,” he said.

To see Futterman talk more about the future of retail, watch the video above. See the full interview here.

Produced by Alistair Gardiner and Kerry Barger. Interview conducted by Konrad Putzier.

For more videos, visit The Real Deal’s YouTube page.

Related Articles

Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)

These were the top 10 NYC retail leases in July

From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)

When it comes to retail, “real estate in New York is fundamentally broken”

ICSC’s annual New York show will feature twice as much programming as in years past.

Here’s what to expect at ICSC’s 2019 NYC event

Renderings of The William Vale and Denizen Bushwick with a Tel Aviv Stock Exchange ticker

All Year eyes sale of William Vale to pay off bonds

Target ads (right) seen on the corner of 42nd Street Eighth Avenue (Credit: Google Maps)

Target sets bullseye on Times Square with new lease

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

Federal Realty Investment Trust CEO Donald C. Wood and Georgetowne Shopping Center (Credit: Google Maps)

Fairway-anchored Bergen Beach shopping center sells for $85M