American retail culture may well have reached a tipping point.
Major department stores are floundering about like fish in a rapidly draining pond after reporting dreadful earnings last week.
The time-honored multigenerational giants like Macy’s, Sears and JCPenney are all looking at a dramatically different future.
Macy’s stock collapsed 17 percent after Thursday’s first-quarter report. And high-end retail behemoths like Nordstrom are getting clobbered, too. Shares of that politically petulant retailer fell 11 percent Thursday on news of its first-quarter results.
Better take a good look, because this may be last call for the mall.
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7 comments:
Wow, I can remember when the malls were cropping up and were the places to go. Perhaps just desserts as the malls were the death knell of the mom and pops. I know we can't stand in the way of progress and the age of technology but it sure has put civilization on its ear. We (the world) sure did not consider any contingencies or plan B in that regard.
Malls are soft target areas for terror activities. As long as liberal judges allow anyone to come in this country unvetted, it's a good policy not to go to places where you can be a target.
from the article: "American retail culture may well have reached a tipping point."
Really? What was your first clue? Retail has been in full collapse mode since 2008 and the author just came to this brilliant deduction!
good job.
1123 look at some of the stupid comments on this site. You really think people are so quick on the uptake? You make me laugh with your idiotic comment.
1039 - then that's everywhere Sal. WOW, that ACME tinfoil is working wonders for you!
Geez!
10:39 Not the Salisbury mall except maybe the week before christmas. You'll find more people at chik fil a at lunch time than at the mall all day.
The Salisbury Mall will make a great community and refugee welcome center.
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