Could Crabtree Die? (chapel, buy, bankrupt)

[Starboy2017]

So like Crabtree is Anchored by Sears and Macy's and these are failing companies. Could Sears actually drag Crabree down with it's closure how would that work. I heard rumor about Sears planning to shut down all Sears stores in NC by Mid 2018. Then to add on to it Macy's is dying slowly and I was wondering if these 2 dying Department Stores kill Crabtree or will a Dillard's or other Department store save the day?

These not Official this was just rumor I saw on the Internet.

[MikeJaquish]

Crabtree will not and should not die.

Macy's is much stronger than Sears, although still struggling.

[pierretong1991]

It will be interesting to see how malls fares as the popularity of online shopping continues to grow. Granted, there are some things I still would buy in-person but those things are enough to keep tons of malls afloat IMO.

[hey_guy]

the draw will be the variety of the mall itself not the department stores

i wish malls would expand and have more variety like artist studios play gyms whatever

chapel hill mall used to be struggling but IMO is really held down by strong tenants now and none of them are lame department stores who cares about sears?! (silverspot, that gym chain )

[Starboy2017]

Originally Posted by hey_guy

the draw will be the variety of the mall itself not the department stores

i wish malls would expand and have more variety like artist studios play gyms whatever

chapel hill mall used to be struggling but IMO is really held down by strong tenants now and none of them are lame department stores who cares about sears?! (silverspot, that gym chain )

I still care about Sears I only care about the rock bottom clothing I don't care about Management.

[Renownedtheworldaround]

There's always the possibility that any mall (or lifestyle center for that matter) could die.


Factors that have contributed to mall closures include, but aren't limited to:
Competing shopping centers opening or expanding*,
Changes in demographics, household income and population
Prolonged road construction
Perception of Crime,
Online Shopping

If Sears and Macy's were to close, it is up to Mall Management to find suitable replacement tenants or create more viable options to draw traffic to the mall. For a mall that has been open for almost 50 years, and isn't owned by a big mall management firm like CBL, GGP, or Simon, Crabtree has been doing a pretty good job of keeping shoppers in the mall.



It amazes me how many dead malls were vibrant just 10 or 15 years ago.

[turkeydance]

1. my first thought was DAVID Crabtree, the WRALTV anchor.
2. yes, the Crabtree Valley Mall could/will "die".
3. eventually.

[Renownedtheworldaround]

If you ask me, Eddie Lampert is killing Sears more than anything else (including Amazon).

IMO, merging Sears with Kmart is kind of like mixing Bi-Lo with Winn-Dixie. When a fairly mediocre chain buys an abysmal one (especially if said chain was bankrupt), the results don't really come out too good

*Also to explain the asterisk in my last post, I know some on here like North Hills, but IMHO its offerings seem ancillary to those at Crabtree. I see it as more of a "supplementary" shopping center than anything.

[Poggly Woggly]

Originally Posted by MikeJaquish

Crabtree will not and should not die.

Crabtree will only get better

[Sherifftruman]

I tangentially know the people that own and run Crabtree. They are committed to remaining the premier mall in the area and will spend the money necessary to do so. If both sears and Macy’s went under close together that would be bad, but other area malls would feel the same pain. If only one goes, I expect they would do a deal that would secure their position. I’m sure they would also look at other options beside just anchor stores as well.

I mean, anything could happen, but they will outlast other malls in the area for sure.