Surely you jest.
“Malls are failing.”
And that is part of the problem. Question: WHY are malls failing?
It is all part of the same lethargy and malaise that has befallen America since the country was “rescued’ with the TARP bailout. “Too big to fail” turned out to be a recipe for “all the smaller ones have to fail”.
Obamacare just put the coup de grâce on enterprises that had found themselves on the wrong end of the cruelly tightened credit and faked “bailout” of the very largest financial institutions, at the expense of the middle level of lending institutions and the general employment picture.
Uniformity of offerings i.e. cheap Chinese tat as well.
The ‘branding’ people have attempted to convince their employers/clients as well as the public that the sign on the door is more important than the product inside. Stack em high and sell em cheap. But what about us anachronists who want a shirt or pair of trousers to last more than one season as they typically did in previous decades?
The quality of even so-called luxury brands has fallen off a cliff and for some reason the OEMs are pretending the public don’t notice despite the grim sales numbers they must be seeing at corporate.
WHY are malls failing?
Location,location,location...and changing demographics in malls neighborhoods.
Too many malls in this nation have become daycare centers for inner city ‘people of color’. They do not spend and bring their violent ways with them...
So many things are going up in price that there is little disposable income left.
Hit the mall or pay for medical insurance?
Wasn't long ago that most people could afford to do both.
Malls are failing in part because I can sit on my ass in front of my computer and pretty much order anything I need and have it delivered to my door...
In many cases even with the shipping costs, it will only be a bit more than going out and shopping for it...
I don't have to visit different stores to find the best price, availability, etc,
The other piece of the puzzle is Wal-Mart Super Centers where you have one stop shopping...
Where I live, the local mall lost its McDonald's. It seemed to be doing a brisk business, but the mall owners raised the rent and McDonald's decided to pull out. In another mall, the Chick Fil A moved out and into a standalone building across the parking lot from a smaller nearby shopping center. I'm sure the rent in the shopping center was a lot less costly.
Nonsense. TARP and Obama have nothing to do with it. It is all part of the fact that people shop online now. I buy clothes online, books online, items for the house online. I do my Christmas shopping online, buy birthday presents online, and a whole lot of people I know do the same. There is a grocery store startup in one of the Kansas suburbs now that will allow you to do your grocery shopping on line, pay for it, then when it's ready they'll text you and you drive through and pick it up. Heck, even my mom buys stuff off "the interweb" and she's hardly what I'd call computer savvy. The fact is that it's just easier than going to the mall and wandering around past all the idiot teenagers hanging out.
Because they have to have police cars stationed there while they are open.
People don't like to shop where they don't feel safe. If they do shop there it is "in and out" no hanging around to eat.