Posted on 06/11/2014 6:47:47 AM PDT by dennisw
“Retail space is no measure of anything as floor space is real cheap right now and cheaper than in any other country due to land being available.”
Space is cheap because people overbuilt during the boom years (as always), and now nobody is renting. You can’t get a commercial tenant without offering them at least 3-6 months worth of concessions.
Thank the Free Traitors for this. The retail sector in Red China, a country that produces the wealth that used to made here, is exploding.
Same experience in St. George, UT. While there are some empty storefronts, there's ALWAYS something being built in the area. Those Mormons are doing something right as that kind of activity has been going on for years.
I suspect, as you allude to, the problem is area-dependent. A decently-run state will moderate a poor economic situation.
I'm pretty sure Amazon does price comparisons then either matches or beats lowest price. I say that because everything I compare from in-store to Amazon amazingly has price slashed to beat it. I still usually buy in-store because Amazon hassle huge next to walking out the door with your purchase.
I wasn’t at Northpark.
The Amazon shipping warehouse near here is hiring over $12 an hour, no experience necessary, mandatory overtime and can’t get enough workers.
You may have hit on something here. Maybe there should be Section 8 retail stores, where people who can't afford a store of their own will get the government to give them one. It could open up a whole new area of retail--Crack R Us, Meth-Ed to Madness, Guns n Hos, Booty-full Designs (for the full figured gals), etc. etc. I like it.
That, too. There was far more building without any realistic expectation of need.
Something about a fool and his money.
None of this is happening by accident, very few think there is a New World Order, whose design and blueprint is working as planned, a plan that is now in fast track mode.
Obama is nothing but a very useful tool to the real powers that be, selected long before 2008, because of his extreme narcissism, psychopathy, and most important of all; the color of his skin, a perfectly timed Perfect Storm.
Same here. The closest one is 100 miles north. I was in it 2 years ago. I could use a tractor supply...I have lots of things growing
A lot of malls located in upscale areas that aren’t nearly as affected by the current economic. People might have just gone walking in the mall to get out. I do that fairly often without spending more than a few dollars on something like a soda. Doesn’t mean they are buying a lot just because they are in the mall..
In that list of stores showing losses they should include any of the ones that supported the obamas. They have all gone out of business after a personal endorsement by them.
Tractor Supply is great to shop at. I visited Minnesota where I am from originally and my sister who still lives there took me to one of these stores. They have everything. I believe I spent about $400 that day of fishing equipment : )
Tractor Supply
http://www.tractorsupply.com
they allow a bus stop in their parking area, allowing people, especially teens, from downscale areas to get there.
That happened to the Brookdale mall in Brooklyn Center, Minnesota. Some of the comments mention it at dumpystripmalls below. They have since torn down most the mall and are rebuilding it with lower rent stores. The area around there has high crime now and the home values are generally under $100k.
Flickr photos
https://www.flickr.com/photos/marje/sets/72157624490320816/
Dead malls
http://dumpystripmalls.com/2008/08/brookdale-mall-brooklyn-center-mn/
“I think it reflects that people have less money to spend and that there a larger percentage of the people are unemployed than the lies from the WH suggest.”
No doubt; I live a few miles south of the brand new Xanadu Mall in the NJ meadowlands. It was completed years ago, and never opened (it is next to the stadium where the Super Bowl was just played); now they don’t know what to do with the buildings (including an indoor ski slope - also never used). People here in the northeast have known for years how bad things really are; unfortunately there aren’t many Americans left to do anything about it.
“I think Amazon and other on-line outlets have a lot to do w/ retail’s troubles.”
More than you could imagine; people will walk into a store, get info on a very specific product (including size, if applicable), then simply leave and order it from Amazon (avoiding paying for all of the store’s overhead)...
“Prior to the fundamental transformation of America, I had never seen an empty storefront. Now they’re everywhere. Maybe 5-10%. And two major stores were replaced by a giant Salvation Army store, and another similar second-hand store.”
When nearby malls here in northern NJ started filling their vacancies with tattoo parlors and an ever-growing number of food places, it was obvious that malls were done; they are obsolete. The last time I visited one, it was filled with foreigners (the replacement Americans) and few of them were buying anything.
Haven’t been to an indoor mall in over five years, and I have no plans to go to one anytime soon.
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