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

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

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

arrow_forward_ios
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
These were the top 10 NYC retail leases in July
Robert Futterman charged with DUI in Hamptons car crash
Robert Futterman charged with DUI in Hamptons car crash
Robert Futterman charged with DUI in Hamptons car crash
Ricky's at 830 Broadway (Credit: NYC Go)
Ricky’s, iconic NYC beauty shop, faces
more closures
Ricky’s, iconic NYC beauty shop, faces
more closures
Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ
Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ
Ron Burkle’s $155M play on Wall Street: American Stock Exchange HQ
"Taxi king" Gene Freidman dead at 50
“Taxi king” Gene Freidman dead at 50
“Taxi king” Gene Freidman dead at 50
Pershing Square Capital Management CEO Bill Ackman and 787 11th Avenue (Getty, Rafael Viñoly Architects)
Ackman wants $630M for Hell’s Kitchen office building
Ackman wants $630M for Hell’s Kitchen office building
Deconstruct Podcast
This week on ‘Deconstruct’: The death of the cubicle
This week on ‘Deconstruct’: The death of the cubicle
Silverstein Chairman Larry Silverstein, CalSTRS CEO Cassandra Lichnock and 1177 Sixth Aveneut (Silverstien, Getty, CalSTRS)
$450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue
$450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...