Part of the problem is the economy — people aren't spending the money they used to. They worry that Obamacare will cost them a fortune and that sooner or later, the socialists will be confiscating their savings, investments and retirement funds.
But at the same time, these fancy malls have jacked up the rent for the privilege of locating a business there. As a result, a number of retailers are leaving the malls for cheaper alternatives. Some malls have a high number of empty retail spaces.
Now they'll jack up the rent on the ones that remain to make up for the loss.
Sounds like what happened to my coffee purveyor about 20 years ago. They had quite a brisk business selling all things coffee and tea, along with the passion and know-how to maximize the products purchased. The mall where they were located upped their rent to the point of unsustainability. The shop shut down and started selling their product online and out of the storefront of their roasting location. They haven’t looked back since. I still get my coffee from them and it is wonderful. :)