Any REIT that is focused on retail is vulnerable to the on line shopping trend as even if not directly impacted, the additional retail space that comes on the market means that their ability to raise lease rates, keep tenants will be impacted. With software computer hardware and electronics as key products, futureshop/ bestbuy would be more impacted than a lot of other retailers but the on line trend is spreading. I know that I have bought furniture, tools, hardware and cloths on line and that I am buying more on line than I used to. Bricks and mortar will always be there but the footprint required will be a lot smaller. They simply can not compete with online. When you look at rents, business taxes and other government imposed taxes, they are at a disadvantage. I have ordered stuff that has come from China, the USA and a number of different provinces - it was delivered quickly and with no problems.
The times are changing quickly.