The future of the American mall
To stay relevant and keep attracting shoppers, malls are changing, adding more open-air features and destination attractions.
VIDEO ON MSN MONEY
How about infusing the malls with Mom & Pop stores as they once were? When you go to a market/mall in Europe and other parts of the world, they are not these big boring corporate chain centers. They have stores with unique items that you can only get there. They have items made in the country they are in. Our malls are filled with corporate stores that have online sites with free shipping. Also, malls here have only stores that appeal to teeny-boppers and early twenty something's. It's not a mixed culture. Teeny Boppers and twenty something's don't have money or jobs for that matter. Lower the rents for MOM & POPS who can offer unique products & broaden the stores age group appeal. America is this big corporation where it's the same no matter where you go. It's greatness came from individuality. Corporations have taken this away from our culture. Corporations are boring and so are their malls!!!
The Twin Cities Mall of America's retail sales have been dropping for years. To help the Mall of America the Twin Cities are spending millions of taxpatyers dollars building a light rail line from the ciity to the Mall. Now the shoplifters will steal the Mall blind. they will have a cheap way of getting there and help the theft rate increase sky high.
In Europe, many malls are already being repurposed as apartment complexs or sports complexes.
For the most part, the income brackets from now on will probably be distinguished this way: Those that buy regularly from these malls and those that buy regularly from the box stores, outlets(if they really do have deals) as well as Target, Wal-Mart and the dollar stores(although I thought I saw a Caddy outside of our local Target last night).
Other than that, I'm honored that the King of Prussia complex ended up on this slideshow.
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.