As Macy's, JCPenney, Sears and other major department stores close their doors, the malls that housed those stores are facing a serious crisis.
That's because when so-called anchor tenants leave a mall, it opens the door for other stores to break their leases or negotiate much cheaper rent.
As one big store closes, it can take several smaller stores along with it like a house of cards. Experts predict that a quarter of American malls will close in five years -- around 300 out of 1,100 that currently exist.
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6 comments:
The decline of America's malls is directly attributable to demographics and crime. The malls have become magnets for shoplifters inside and robbers outside. People are tired of being surrounded by hordes of criminals and all the bad behavior they routinely exhibit.
Or maybe a better shopping medium has presented itself?
BLM started the downfall , who needs this crap.
Thugs have made going to the Mall dangerous.
Malls are soft targets for terrorists and hoodlums, especially at Christmas. Mail order is a much better way to go! The internet is killing the malls in reality!
Even as a kid I never understood anyone's fascination with malls or shopping for that matter. Wandering around and looking at boring stuff like grazing sheep. There are so many more interesting things to do. The malls are failing and the landfills are full we bought more than merchandise we bought a way of life. Many of our grandparents would never dream of frivolous day of shopping when there was work to be done.
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