Good Morning America, how are ya? A quick stroll through downtowns, Upstate New York
James Howard Kunstler takes a ride up rural NY route 22 for some eye-catching observations on today's little towns and their society.
News and commentary on retail history, dead malls, and a chaotic culture in decline.
Malls, those ubiquitous shopping meccas that sprang up in the 1950s, are dwindling in number, with many struggling properties reduced to largely vacant shells.
Read this very in-depth article that summarizes the mall as it relates to the economic conditions today that are effectively crippling it as a profitable business model. Although, these days what industry is not hurting from the downward economy? I worked with reporter Vanessa O'Connell to help her gather information for this article.
Malls are being mauled. In case you’ve been paying closer attention to Wall Street or the housing market, rest assured that America’s once-bustling shopping meccas are doing just as poorly.
Last month, General Growth Properties, the country’s second largest mall owner, declared bankruptcy. Anchor chains are dropping like flies, from Circuit City to Filene’s Basement. The trend has even reached the level of irony as liquidation resellers are being liquidated. The practical implication of all this is that local malls are going dark all the time across the country, with the carnage being documented at sites like DeadMalls.com.