I have not been to a shopping mall in years, but I clearly remember that most of the stores in malls are for clothing. Apparel. Mostly women’s apparel. Overpriced apparel. Vanity.
Several on the succumbed to progressivism.
My first wife was a senior executive with Richman Gordman’s (now Gordman’s). The CEO would fire you out-of-hand for wearing the color purple for some reason.
The “recession” has not ended. We are still cleaning up from the mess. Obamacare is taking its toll on the personal economies. Who can afford the deductibles and copays? or the premiums? The middle class that used to “shop” is now hunkering down at home trying to survive.
That being said, I do not like walking around in big stores, malls, or anyplace that takes too long to find what I want, if I EVER find what I am in the store to look for.
I prefer going in and out quickly or shopping online where I can see the description and have it to my door. It may be a Boomer thing. We are aging and do not have TIME or energy to shop.
Amazon is killing them. And their stock is projected to hit $1000 per share by some analysts.
I think it’s due to general change in what folks purchase ~ retailers of these stores are behind the latest trends, which is pretty much comfortable sports clothes ~ folks just don’t dress up as much as they used to. Got a few pair of Lululemon black yoga pants, and change out the tops, and I’m good to go ~ weeks on end ... there’s really not a market for what these chains are selling, too much supply, plain old economics playing out.