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Saturday, April 22, 2017
Department Store Departures Will Be Good For Malls In The Long Run
While the nationwide retail apocalypse has led to lost jobs and terrible liquidation sales, there’s one piece of good news for consumers and for the companies that own malls. As old-fashioned anchors like Sears and JCPenney move out, more diverse stores, restaurants, and entertainment venues are moving in, and they’re paying much higher rents.
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Paying more for rent is a scam. All they have to do is subdivide the larger stores and get 4 times the rent without raising the rent for new stores. This shows the greed of Millionaires / Billionaires. If they did this they did to go bankrupt since they would be no better than wall street. Screwing the small business.
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