Smart Solutions For A Retail Apocalypse
Posted on Monday May 11th by Jebediah Reed from The Infrastructurist at www.infrastructurist.com... 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.
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