Quote:
Originally Posted by ZodWallop
I've seen those YouTube videos as well, But then, where I live we have two high end malls directly across the street from each other that are going like gangbusters.
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Mall closures are a result of over-building especially the ones populated by the generic chains targeting the middle class. Upscale malls are generally doing better since exclusivity/limited availability is part of their "value" proposition.
Too many malls relied on window shopping-as-entertainment to draw in customers for impulse purchases and these days people have a lot more options for entertainment: reading, gaming, video, etc.
Shopping is reverting to its original function of fulfilling specific needs. And online can take care of a lot of the stuff that isn't time sensitive.
It's a rightsizing thing.
Pretty much the same problem B&N refuses to acknowledge.The
You can't sell if people don't come.