Posted on 01/17/2017 2:23:44 PM PST by 2ndDivisionVet
U.S. women's apparel chain The Limited filed for Chapter 11 bankruptcy protection on Tuesday after closing all 250 stores, the latest brick-and-mortar retailer to fall victim to changing tastes and online competitors.
The retailer that began as a single store more than 50 years ago blamed declining mall traffic, falling sales, expensive leases and the shift toward online shopping.
Retailers filing for bankruptcy in the past year include Aeropostale Inc (AROPQ.PK), Pacific Sunwear of California Inc (PSUN.MU), Sports Authority, Vestis Retail Group and American Apparel.
In addition, department store chains such as Sears Holdings Corp (SHLD.O) and Macy's Inc (M.N) are planning on closing scores of locations this year....
(Excerpt) Read more at reuters.com ...
Hope mo one’s retirement was in limited stock
-—The retailer that began as a single store more than 50 years ago blamed declining mall traffic,...-—
Can’t understand declining mall traffic - you’d think that with all the ‘teen’ riots and fights and pilferage and looting together creating a hostile atmosphere more people would just love to shop.
But the economy is great! So sayeth The Won............
Our Mall used to be crowded and parking spaces were hard to find.
Not so any more.......................
The important thing is that with Trump likely reviving the middle class, the malls will be crowded again.
Our Mall it got so bad they re-arranged store locations and blocked off a wing of the mall so it didn’t look so bad. Then Aeropostale, American Eagle, Radio Shack, and a couple of jewelry stores went belly-up, so they just left empty storefronts.............
Used to shop Limited years ago and then they must’ve changed designers or something because not the same quality, designs etc..& expensive.
Few years ago, they opened a Limited “basement” store at local mall but never saw anyone in there, the prices were still high even though supposed to be a sale/outlet location.
Same here.
The “teens” ruined my childhood mall soon after the mall installed a bus stop out front.
Now here in MA the big thing is to build outside malls like Patriots Place, Legacy Place etc.
It seems that understanding is that the “teens” do not like the cold..
Yoga pants are killing the stores that made profit off of jeans that
Needed to be tried on prior to purchase.
My prediction is that VR and camera tech will further eliminate the brick and mortar
Stores.
Malls are dead. stores that rely on mall traffic are dead
Couldn’t believe it survived past its apex in the ‘80s.
Was a GREAT ‘80s fashion place. Although perhaps it became too IDed with passé ‘80s and never did as well after.
No, people realize indoor malls are a pain when one just wants one thing.
Just as drug stores and grocery stores (per se) will keep existing because not everyone wants to traipse upinto some giant box store just for a drug or milk.
It’s good to have more options for shopping, and I mean the real kind, not virtual.
rude and useless sales help.
Overpriced (even without the internet) inventory.
Some stores had obnoxious loud music.
They all became “same as” everyone else.
Anyone remember when banana republic was actually a unique store and not just another “gap”.?
Well mall problems in earnest, started back in the mid-late 1980s and early 90s. If the malls allowed themselves to be thug hangouts that was a factor. Stores with limited appeal and noncritical items was another. Big box stores coming into play was another. Not keeping malls and stores looking fresh and maintaining the mall was another factor. Some malls just had a terrible layout design.
I loved the old Banana Republic.
You could get clothes there that you couldn’t anywhere else. The safari/jungle/adventure theme was awesome.
The new Banana Republic just totally sucks.
The malls of the 1980s were the internet of that time.
Malls were THE big box store before big box stores were under one roof/name and had everything and was fresh and new.
I went to the local mall up the street for the fist time in a while recently and learned that half of the indoor mall is now gone. two anchor stores took up all the space.
Anyways i was surprised to see a GIANT liquor store in the mall, GIANT like a Boeing production plant.
Why?
Who goes to the trouble of parking and shopping at a half closed mall for a bottle of booze?
Especially since Walpole liquors is right across the street.
The trend now is toward a faux town square sort of shopping complex, combining retail, restaurants, movie theaters and residential units in an outdoor environment. A few of these have been built in my area and they're doing great business. The irony is that they're basically trying to recreate the old time downtown shopping experience that the malls killed back in the 70s.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.