Abercrombie & Fitch Rises on Hollister Sales Beat

The video discusses the challenges faced by the retail sector, particularly mall-based retailers, due to the rise of online shopping and companies like Amazon. It highlights the impact on sales, market share, and real estate, with malls trying to reinvent themselves to attract foot traffic. Despite positive economic indicators, consumer spending is not benefiting traditional retail, as people prefer online shopping and home entertainment.

Discuss the relationship between consumer spending and the performance of big retail companies.

What role does technology, such as virtual reality, play in the changing landscape of consumer behavior?