One year ago this week, Amazon.com loudly declared its intention to become a grocery industry heavyweight by agreeing to buy Whole Foods Market.
The $13.7-billion deal practically guaranteed sweeping change in a segment of the retail world that hadn't yet felt the sting of e-commerce. By marrying Amazon's digital prowess and appetite for price-cutting with Whole Foods' well-established perishables supply chain and network of stores, it seemed a trip to Whole Foods or a tap of the Amazon app was about to become ground zero of food-shopping innovation — and a top choice for customers.
The Pederson Group, developers of of class “A’ retail shopping centers in Phoenix and throughout Arizona, announced The Trailhead, a revolutionary mixed-use project proposed for the heart of Peoria. Planned for the NE corner of 83rd Avenue and Happy Valley Road in the city’s fast-growing, desirable Happy Valley Corridor, this 25-acre upscale neighborhood lifestyle center will be anchored by a curated district of 15+ specialty retail & restaurant tenants combining best-in-class local and national concepts, as well as a premium 62,000 sq.-ft. grocery store. Most important, The Trailhead includes a proposed new crossing to the City of Peoria’s recently expanded Sunrise Mountain Preserve, perfect for a pre-hike breakfast, or unwinding over local craft beers following a full day on the trails.
Massive retail store closings and bankruptcies are causing concern, hype, and a little bit of over-reaction throughout the industry. While any growth-oriented enterprise will be rightfully concerned about the shrinkage, jumping to conclusions about a “retail apocalypse” is dangerous, and it’s even more dangerous to point fingers and lay blame where it is not deserved. What’s going on currently in retail is not an apocalypse, it’s a correction. It’s not the Internet’s fault. It’s not Amazon’s fault. Dotcommers are not taking over the world.