Malls R Us Doc Zone available on YouTube
Link is here: https://www.youtube.com/watch?v=EAIDAzTtoCA
Cheers!
-- Brian
News and commentary on retail history, dead malls, and a chaotic culture in decline.
Conceived in the go-go days of the 1990s, Festival Bay Mall was envisioned as a thriving entertainment destination. But the mall has struggled since it opened in 2003, and tenants say things have spiraled downward in recent months.
Labels: dead malls, economy, malls, recession, shopping, society
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.
See it here: http://online.wsj.com/article/SB124294047987244803.html
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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