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Up to 25% of U.S. shopping malls may close in the next five years, report says
Los Angeles Times ^ | 5/31/17 | Makeda Easter

Posted on 05/31/2017 7:07:46 PM PDT by markomalley

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To: markomalley
Many fond memories of driving to the "big city" to go to the mall. Waldenbooks, Chik-fil-A, the Arcade and the Record Bar were my main stops.

Didn't have all that in my little rural hometown.

41 posted on 05/31/2017 8:50:54 PM PDT by ealgeone
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To: arthurus

Yeah. Increased costs = higher prices.


42 posted on 05/31/2017 9:09:06 PM PDT by enduserindy (I always smile when my competition doubles down on stupid.)
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To: donna

Taxes and regulation are much more onerous in the USA than they are in the rest of the world. American industry and workers in America can outproduce the rest of the world given the same level of taxation and regulation. We have, however a much higher level thus higher prices for things made in America. There was no conspiracy by banks or corporations to go overseas for cheaper labor. Our government, or some would say, WE, did it to us. We have become a bureaucratic despotism that is strangling our own business and forcing it out of the country. Take the taxes and the regulation off of American industry and see it come flooding back. Labor in Indonesia is cheaper per hour but American labor is cheaper per unit of output which is where the bottom line is affected.


43 posted on 05/31/2017 9:21:12 PM PDT by arthurus
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To: donna

Taxes and regulation are much more onerous in the USA than they are in the rest of the world. American industry and workers in America can outproduce the rest of the world given the same level of taxation and regulation. We have, however a much higher level thus higher prices for things made in America. There was no conspiracy by banks or corporations to go overseas for cheaper labor. Our government, or some would say, WE, did it to us. We have become a bureaucratic despotism that is strangling our own business and forcing it out of the country. Take the taxes and the regulation off of American industry and see it come flooding back. Labor in Indonesia is cheaper per hour but American labor is cheaper per unit of output which is where the bottom line is affected.


44 posted on 05/31/2017 9:21:20 PM PDT by arthurus
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To: markomalley
The Hedge Fund Manager Who’s Shorting America’s Malls

Bonds Tied to Dying Malls Could Be the Next ‘Big Short’

45 posted on 05/31/2017 9:36:39 PM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: markomalley

I thought most of them had already closed years ago.


46 posted on 05/31/2017 9:38:16 PM PDT by catnipman ( Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: markomalley

Haven’t malls always been about shopping for stuff that no one really needs (or at least a high percentage of that)?


47 posted on 05/31/2017 10:04:24 PM PDT by wideminded
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To: cherry

The mall is/was a place where older people could get out of the house and take a healthy walk during the colder season. Where can they go if the malls close?


48 posted on 06/01/2017 12:06:30 AM PDT by kelly4c
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To: arthurus
"There was no conspiracy by banks or corporations to go overseas for cheaper labor."

Nearly woke the neighbors up laughing. This has been in the works since the early 1970s. It was a 100% coordinated takedown by rich coastal liberals and a broad coalition of "get whitey" factions. In case you haven't noticed, WE no longer govern ourselves in any meaningful fashion and haven't for some time.
49 posted on 06/01/2017 12:58:41 AM PDT by Eisenhower Republican (END H1B. REPEAL Obamacare.)
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To: markomalley

Embracing the trans and the pedophiles to sell kiddy sexualized products did not help (we know they embrace Kinsey to sell their crap)


50 posted on 06/01/2017 1:37:37 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucifiedc)
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To: wideminded

Malls are indeed a wasteland


51 posted on 06/01/2017 1:38:45 AM PDT by JudgemAll (Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucifiedc)
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To: markomalley

Our mall loved it when it got to host the local gun shows. They said it brought in lots of traffic. Plus I didn’t have to drive 20+ miles...


52 posted on 06/01/2017 3:11:10 AM PDT by W. (Trump: America's Churchill!)
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To: markomalley
“If you have food and entertainment, that gives you a court to build around,” Marcotte said. “Once you get past that you need to create a space that is lifestyle oriented.”

Translation - Come in and have dinner with a couple of drinks and then go out an impulse buy. Sorry, I am not going to a mall to experience that lifestyle.

53 posted on 06/01/2017 4:33:03 AM PDT by EVO X
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To: henkster

“buying paint on line is not yet feasible”...funny that you mention this...the other week I ordered a 5 gallon can of Thompson deck sealant on line from Home Depot (free shipping and lazy). The delivery guy dropped it off right in front of the garage door so that my wife could drive into with her gas-guzzling SUV when she came home from work. Don’t think you could have put a bigger crimp in the can with out actually holing it.


54 posted on 06/01/2017 4:54:58 AM PDT by dogcaller
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To: markomalley

Labor costs have gotten too high.


55 posted on 06/01/2017 5:00:05 AM PDT by mewzilla (Was Obama surveilling John Roberts? Might explain a lot.)
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To: central_va

House homeless Veterans too. Lets turn the UN building into such a Shelter with cafeteria, health care, assisted living facility. Crime riddled mall in old neighborhood is being torn down....need I say what kind of area it had become? You were NOT SAFE even driving through that area in the day time unarmed.

Why should I shop in a crime riddled place with inadequate security and you won’t let me carry my Gun? Or you don’t carry any clothing, shoes in my size or style, I don’t wear Street Walker crap at my age 68, I need decent clothes and a Church dress or two or usable products? Then you have the cheap Chinese made crap that falls apart with 1 washing. I get better clothes from the Salvation Army. If I wanted rags I could keep using OLD clothes and not ever buy new ones. I still repair rips, tears, fix hems, cuffs, darn socks where the heel wears out. Hubby is 78 and he’s not changing his clothing style, past cargo pants and nice Polo shirts or T’s for around the house. Even picky about his shoes then older people have to be.

Even grocery stores have shifted away from providing regular size products, into Gigantic ones. 2 People can’t use up before they expire. I don’t need humongous boxes of any product except TP. And then the prices for smaller items has gone up and the size gone down. My motto is no sale, no coupon it sits on your shelf, if it is not a staple. I’m prepped to a certain degree, as we have ice, T Storms, damage power outages, 1 which many of Memphis and surrounds are still going through since Memorial Day. Approaching $20 M in damages. Looks like a Twister touched down not Straight Line Wind.

Thankful no loss of life so far. Just lots of damage and power outages. Power generators flying off shelves in every store that sells them. Most don’t even know how to safely use them or will read the manual. We’ve had 1 for years for that reason.


56 posted on 06/01/2017 6:16:44 AM PDT by GailA (Ret. SCPO wife: suck it up buttercups it's President Donald Trump!)
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To: PAR35
That's exactly what happened in Sacramento, CA. They pretty much tore down most of Downtown Plaza to build the Golden One Center sports arena and tore down Florin Mall to replace it with the open-air Florin Town Center. Country Club Plaza is pretty much dead (though they're talking about tearing everything down except the WinCo Supermarket) and Sunrise Mall is kind of surviving (thanks to the determined efforts by its mall owners).

In short, we're pretty much reduced to two thriving malls: Arden Fair and Westfield Roseville Galleria. And both have major "tentpole" tenant stores, namely Nordstrom and Apple Store, to keep them going.

57 posted on 06/01/2017 10:08:41 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: RayChuang88

As someone noted upthread for their area, the two upscale malls around here are doing fine. And a couple of the new ‘outdoor’ style in the outer suburbs away from the ‘urban’ customers and rapid transit seem to be prospering.


58 posted on 06/01/2017 5:11:42 PM PDT by PAR35
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To: Eisenhower Republican

Perhaps I should have said that any such conspiracy would be irrelevant in an unhampered market but that is another discussion.


59 posted on 06/02/2017 11:21:49 AM PDT by arthurus
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