The problem at Eastland Mall is crime, not the economy. Malls you can visit without walking into a gang shootout are doing fine around here.
I would have never predicted that indoor malls would face a challenge from strip malls but that is what has happened in much of the country.
The Ross and TJ Max stores are doing great while the mall’s Eddie Bauer and Limited are suffering.
When we moved to Charlotte 20 years ago, my wife took me to Eastland Mall, where she had been shopping a lot. I told her to never go there again, that I'd pay for the gas to drive to safe malls. Back then it was fully occupied with nice stores, but my Spider Sense told me crime in the mall was a problem. (She doesn't tend to notice that sort of thing.) I've now extended that warning to include a Wal-Mart she likes to go to.