[Raider111]

Nordstrom and Bloomingdales sales are tanking. Mall is about as dead as Elvis.

[Stylo]

Originally Posted by Raider111

Nordstrom and Bloomingdales sales are tanking. Mall is about as dead as Elvis.

Good riddance. I much prefer mixed-use downtown style development anyway.

[JayCT]

Originally Posted by Stylo

Good riddance. I much prefer mixed-use downtown style development anyway.

LOL People said the same thing about downtowns 50 years ago. They were tired of the overcrowding, lack of convenient parking and having to deal with the elements (heat and cold). Wonder if 50 years from now there will be shift back to malls. I probably won't be around to see the answer though. Jay

[JayCT]

Originally Posted by Raider111

Nordstrom and Bloomingdales sales are tanking. Mall is about as dead as Elvis.

Not really. Nordstroms had a record year last year so it is doing fine. Too soon to tell how this year will pan out but even if they are down it likely won't be by much.

https://www.fool.com/investing/2017/...-earnings.aspx

Bloomingdale's is part of Macy's which is struggling with their namesake middle class store segment. They don't break out their division sales figures but as the link below indicates we are not seeing many if any Bloomingdale store closures.

http://www.bizjournals.com/newyork/n...omingdale.html

As for the future of malls, you must remember that malls still provide the majority of retail sales in this country and while there is some not doing well, there are a number still thriving. Jay

Why these malls are thriving while others die

A Third Of All U.S. Shopping Malls Are Projected To Close

Dying shopping malls are wreaking havoc on suburban America - Business Insider

[Stephy0519]

So far, Nordstrom is still listing the CT store as opening:

Future Nordstrom Store Openings

Not as recent, but still states Bloomies is opening:

Macy

[Stylo]

Originally Posted by JayCT

LOL People said the same thing about downtowns 50 years ago. They were tired of the overcrowding, lack of convenient parking and having to deal with the elements (heat and cold). Wonder if 50 years from now there will be shift back to malls. I probably won't be around to see the answer though. Jay

Malls are a very focused shopping experience that can be better replicated online, which is probably one big reason why they're dying.

Whereas downtowns are a social, community gathering, living space, often with more interesting food and entertainment options. There's value beyond massive amounts of chains in an enclosed space. It's a place to live, play, and spend. Very different experience.

[Raider111]

Originally Posted by JayCT

Not really. Nordstroms had a record year last year so it is doing fine. Too soon to tell how this year will pan out but even if they are down it likely won't be by much.

https://www.fool.com/investing/2017/...-earnings.aspx

Bloomingdale's is part of Macy's which is struggling with their namesake middle class store segment. They don't break out their division sales figures but as the link below indicates we are not seeing many if any Bloomingdale store closures.

http://www.bizjournals.com/newyork/n...omingdale.html

As for the future of malls, you must remember that malls still provide the majority of retail sales in this country and while there is some not doing well, there are a number still thriving. Jay

Why these malls are thriving while others die

A Third Of All U.S. Shopping Malls Are Projected To Close

Dying shopping malls are wreaking havoc on suburban America - Business Insider

Dead, dead, and deader. They'll pull out in due time.

[Raider111]

Originally Posted by Stylo

Malls are a very focused shopping experience that can be better replicated online, which is probably one big reason why they're dying.

Whereas downtowns are a social, community gathering, living space, often with more interesting food and entertainment options. There's value beyond massive amounts of chains in an enclosed space. It's a place to live, play, and spend. Very different experience.

How many more downtowns do they need in lower county. We have anough of those too.
I think a Target would go well there, not another Cheesecake Factory themeland development.

[BPt111]

GGP CEO: Norwalk’s mall may get bigger

https://www.nancyonnorwalk.com/2017/...ay-get-bigger/






https://www.youtube.com/watch?v=BAcFLqsPh_Q

[BPt111]

Hotel coming to South Norwalk



Stamford developer promises South Norwalk hotel in 2018 - The Hour