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A Third Of All Shopping Malls Projected To Close As 'Space Available' Signs Go Up All Over America

Rosie_MOD_Rosie_MOD_ Moderator
edited March 8 in Daily News

A Third Of All Shopping Malls Are Projected To Close As 'Space Available' Signs Go Up All Over America

Tyler Durdens picture
Mar 7, 2017 9:05 PM from Zero Hedge

Via Michael Snyder of The Economic Collapse blog,

If you didn’t know better, you might be tempted to think that “Space Available” was the hottest new retail chain in the entire country.

As you will see below, it is being projected that about a third of all shopping malls in the United States will soon close, and we just recently learned that the number of “distressed retailers” is the highest that it has been since the last recession.  Honestly, I don’t know how anyone can possibly believe that the U.S. economy is in “good shape” after looking at the retail industry.  In my recent article about the ongoing “retail apocalypse“, I discussed the fact that Sears, J.C. Penney and Macy’s have all announced that they are closing dozens of stores in 2017, and you can find a pretty comprehensive list of 19 U.S. retailers that are “on the brink of bankruptcy” right hereNeedless to say, quite a bloodbath is going on out there right now.

But I didn’t realize how truly horrific things were for the retail industry until I came across an article about mall closings on Time Magazine’s website

About one-third of malls in the U.S. will shut their doors in the coming years, retail analyst Jan Kniffen told CNBC Thursday. His prediction comes in the wake of Macy’s reporting its worst consecutive same-store sales decline since the financial crisis.

 

Macy’s and its fellow retailers in American malls are challenged by an oversupply of retail space as customers migrate toward online shopping, as well as fast fashion retailers like H&M and off-price stores such as T.J. Maxx. As a result, about 400 of the country’s 1,100 enclosed malls will fail in the upcoming years. Of those that remain, he predicts that about 250 will thrive and the rest will continue to struggle.

Can you imagine what this country is going to look like if that actually happens?


http://www.zerohedge.com/news/2017-03-07/third-all-shopping-malls-are-projected-close-space-available-signs-go-all-over-ameri



"We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

Comments

  • GrumpyGuy_MOD_GrumpyGuy_MOD_ Moderator
    edited March 8
    It seems there is less need for centralized shopping centers now that everything is available online, and often at a lower price.  In Japan I can even get same-day delivery from Amazon, so it isn't really that inconvenient to shop online either.

    I never really had a chance to hang out at a mall like other city kids growing up in the 90s, but I've always enjoyed wandering through them.  To be honest, there isn't much to draw me to malls besides people-watching.  I used to visit the video game stores, but now that I use Steam and torrents a physical game store isn't a need I have.  There might be a couple of neat stores I'll check out for a few minutes, but in general it's almost entirely women's fashion.

    Food courts, people-watching and the rare bit of shopping are all that really bring me to malls on the super-rare occasions I actually visit them.

    There's a nice tea shop at the mall I go to sometimes and I'd be disappointed if it shut down, but life would go on.  While there I see mostly old people and mothers out with their kids, most of whom are playing handheld games or using phones.  Not exactly happening places.
    People in this world look at things mistakenly, and think that what they do not understand must be the void. This is not the true void. It is bewilderment.
    - Miyamoto Musashi, The Book of Five Rings
  • tazweisstazweiss Member
    I hate crowds, so I avoid the mall.  At the nearby mall (West Edmonton), there is an indoor shooting range.  Almost the only reason I ever go to the mall.

    If the politicians treat people this poorly when they're armed to the teeth,

    just imagine what they'll be willing to do once they've disarmed everyone.

  • Rosie_MOD_Rosie_MOD_ Moderator
    In Australia they're expanding shopping centres (malls) on a huge level. Womens clothing stores seem to be vastly increasing in number plus dentists and doctors are moving in.  However there are now few shops selling cd's or videos. For some reason the walkways are extremely wide compared to the past. You could practically turn them into mass accommodation centres!
    Three Australian Shopping Centres.
    Image result for eastland shopping centre

    Image result for chermside shopping centre
    Image result for chadstone shopping centre



    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    I have a sneaking suspicion that the reason for the empty malls, and the fact that they're still building malls despite so many being empty, and the fact they're building these malls and changing old ones to incorporate features such as guard towers and unique spaces, is because these shopping malls are destined to become prison camps.

    http://allnewspipeline.com/October_2015_Mall_Openings_FEMA.php

    There are a number of youtube videos that also go into depth on this.

    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
  • Rosie_MOD_Rosie_MOD_ Moderator
    I have a sneaking suspicion that the reason for the empty malls, and the fact that they're still building malls despite so many being empty, and the fact they're building these malls and changing old ones to incorporate features such as guard towers and unique spaces, is because these shopping malls are destined to become prison camps.

    http://allnewspipeline.com/October_2015_Mall_Openings_FEMA.php

    There are a number of youtube videos that also go into depth on this.

    Image result for eastland shopping centre exterior
    Matt, we think alike on that one as while wandering around a vastly expanded shopping centre, I thought  - why are there so many clothes shops when people are ordering on line. They could almost be small dormitories. Why are there now dentists and doctors plus your large food courts incorporated into them. Why are there ticketed and ticketless entries/exits to these centres.  If all of a sudden you can't get out there's not a lot can be done about it unless you leave your car behind.   It's also difficult to comprehend the extra wide walkways when centres are no busier than years ago (in my opinion).  I became totally lost both in the centre and working out which carpark my vehicle was in.

    I've heard several centres (unsure which ones in our country) are under management as they've been unable to fill all the shops and cover costs. Additionally rents became extra high to cover the remodelling and some smaller business owners declined to stay.


    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    It's certainly interesting how their interiors compare:




    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
  • Rosie_MOD_Rosie_MOD_ Moderator
    *gulp* :s

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

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