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Malls are on the decline, several of these malls are already suffering from major store foreclosures and increasing vacancies. Many malls run the risk of one day ending up like this:
City Center Mall - Columbus Ohio
I have noticed in my hometown our largest shopping mall in the area, "University Park Mall" of Mishawaka Indiana, has recently reinvented itself as more of a hybrid mall. 3/4 of the mall is inside, and a new 1/4 has been added, a strip mall of upper class boutiques, fine dining, and conventional chain stores/restaurants. It's now part indoor shopping mall and part strip mall.
Why are malls on the decline? What can be done to prevent their decline and demise? Do you see any of these malls closing down in the near future? What about the mall in your area?
Interesting read. I read about several malls in there that I know of and have been torn down or become abandoned, and some with a foot in the grave already.
Malls are on the decline, several of these malls are already suffering from major store foreclosures and increasing vacancies. Many malls run the risk of one day ending up like this:
City Center Mall - Columbus Ohio
I have noticed in my hometown our largest shopping mall in the area, "University Park Mall" of Mishawaka Indiana, has recently reinvented itself as more of a hybrid mall. 3/4 of the mall is inside, and a new 1/4 has been added, a strip mall of upper class boutiques, fine dining, and conventional chain stores/restaurants. It's now part indoor shopping mall and part strip mall.
Why are malls on the decline? What can be done to prevent their decline and demise? Do you see any of these malls closing down in the near future? What about the mall in your area?
Why do retail stores even still exist? Let them go. The is no future for them.
Cinderella City (1968 - 1998), once the largest shopping mall west of the Mississippi.
For the imaginary, mystical and mythical people who still like to buy things in person.
On a more serious note, I do feel that brick-and-mortar retail will not so much decline, but adapt also. For all the old malls and big box stores that close, new places open up all the time. You have a much larger amount of people buying things online nowadays, but if taking a visit to any one of the 5 shopping malls in a 20 minute drive of my house shows me anything, if the crush of people at these malls during the holidays says anything...I don't see brick and mortar shopping disappearing any time soon. Restructuring, reorganizing, maybe even downsizing or creating new ways to enhance the shopping experience (like these fancy "lifestyle centers" aka pockets of Disney-fied "urbanism" with lots of parking, works for me if it gets people going and makes money) is what they'll do.
One of our largest malls in Louisiana is still very popular. It just recently opened a movie theater (which is in a horrible area because you have to drive to it) an outdoor strip, and more retail along the periphial of the property. A mix-use development is being built next to it with condos, apartments, retail, office space, and single family homes. I don't think this mall will die very soon.
For the imaginary, mystical and mythical people who still like to buy things in person.
On a more serious note, I do feel that brick-and-mortar retail will not so much decline, but adapt also. For all the old malls and big box stores that close, new places open up all the time. You have a much larger amount of people buying things online nowadays, but if taking a visit to any one of the 5 shopping malls in a 20 minute drive of my house shows me anything, if the crush of people at these malls during the holidays says anything...I don't see brick and mortar shopping disappearing any time soon. Restructuring, reorganizing, maybe even downsizing or creating new ways to enhance the shopping experience (like these fancy "lifestyle centers" aka pockets of Disney-fied "urbanism" with lots of parking, works for me if it gets people going and makes money) is what they'll do.
Must be great. I'm within a 20 minute drive of "half" a shopping mall.
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