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Wednesday, May 25, 2016

As Their Anchors Sink, Malls Try To Present Retail 'Experience'

Many of the department stores that once anchored bustling shopping malls continue to close. Macy's will shutter 36 additional stores this year; 78 Kmart and Sears locations will also close. What to do with that vast, vacant space?

There is no traffic, and no problem finding parking at Owings Mills Mall in Maryland. The 5,000 or so parking spaces are all vacant. A J.C. Penney closed last month and a Macy's closed last year.

When it opened in 1986, it was anchored by a Saks Fifth Avenue and catered to well-to-do Baltimore suburbanites.

The mall's owner, Kimco Realty, is planning a multimillion-dollar revamp. Like many malls that are trying to re-attract customers, it will include a movie theater and restaurants. But it will not include a department store.

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4 comments:

  1. Things will not change as people of Salisbury keep voting for incompetent
    people such as Jim Ireton and Jake Day

    ReplyDelete
  2. Malls killed the downtowns and the internet is killing the malls. Supply and demand.

    Fighting the trend is a waste of time.

    ReplyDelete
  3. the main problem is people are afraid to go out, there are no bloods or cryps in my living room but amazon is always here

    ReplyDelete
  4. Malls are still successful and very profitable in cities that work!

    ReplyDelete

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