Quote:
Originally Posted by fjtorres
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.
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I never was much of a mall person, but malls used to be a social center for teenagers and young adults -- like downtowns were before malls. I think what is really killing malls is the same thing that is killing brick an mortar stores in general -- the Internet. Kids' and young adults' social center is now Twitter, Instagram, Snapchat and (for some, I guess) Facebook. I don't know them all, but I'm sure there's others. I wasn't much for malls, but I think it was healthier than this isolation of virtual reality.