07 June 2009
Be Aware of What's Going On Around You
Jun/11/2009 13:15 Filed in: Store Closing
Sale
The
Mall Problem!
A recent article in the Wall Street Journal had a frightening front-page headline: “Recession Turns Malls Into Ghost Towns.” The article chronicles the serious problems facing a growing number of the nation’s malls.
The loss of one or more anchor stores is usually what triggers this situation in many of these malls. With stagnant sales and so many retailers struggling, it is logical that malls and shopping centers would be negatively impacted. If you’re a retailer with stores in malls, pay absolute attention to what’s happening around you. You do not want to be left standing while other stores around yours close up, go out of business, or move.
When the economy was good, some malls were able to reinvent themselves and survive. In this economy, it is highly unlikely a mall will be able to get the financing needed to remodel and rebound from anchor closings and the failing of other stores in the mall.
The Wall Street Journal article dated May 22, 2009 can be found online at http://online.wsj.com/article/SB124294047987244803.html.
A recent article in the Wall Street Journal had a frightening front-page headline: “Recession Turns Malls Into Ghost Towns.” The article chronicles the serious problems facing a growing number of the nation’s malls.
The loss of one or more anchor stores is usually what triggers this situation in many of these malls. With stagnant sales and so many retailers struggling, it is logical that malls and shopping centers would be negatively impacted. If you’re a retailer with stores in malls, pay absolute attention to what’s happening around you. You do not want to be left standing while other stores around yours close up, go out of business, or move.
When the economy was good, some malls were able to reinvent themselves and survive. In this economy, it is highly unlikely a mall will be able to get the financing needed to remodel and rebound from anchor closings and the failing of other stores in the mall.
The Wall Street Journal article dated May 22, 2009 can be found online at http://online.wsj.com/article/SB124294047987244803.html.