-- Malls dying? Soon to be gone? - a question...

[Simply Red]

Hi guys,

When's the last time you've stepped foot inside of a mall? I used to love to shop and I'll say it's been over 3 years for me.

Just wanting to get the general consensus on this. No poll - just post your answer.

Thanks

[Rain Man]

Originally Posted by chinaski

I think the malls in SOCAL are different as many shops tend to cater to a higher end clientele. Jewelry stores are one example of this. Growing up in KC, I never saw a mall carry high end jewelry, like Rolex and Patek Phillipe watches...you would have to go the Plaza for stuff like that. SOCAL malls have stores with items like that available. Plus the SOCAL mall has a high concentration of 'better' eating places etc. Midwest malls had hotdogs, pizza and Orange Julius stands.

I've been to some mall in Costa Mesa that has dresses more expensive than my car. I bet they're profitable selling two dresses a month in some of those stores. I should just hang out there and kidnap women as they come out.

[srvy]

Originally Posted by chinaski

I think the malls in SOCAL are different as many shops tend to cater to a higher end clientele. Jewelry stores are one example of this. Growing up in KC, I never saw a mall carry high end jewelry, like Rolex and Patek Phillipe watches...you would have to go the Plaza for stuff like that. SOCAL malls have stores with items like that available. Plus the SOCAL mall has a high concentration of 'better' eating places etc. Midwest malls had hotdogs, pizza and Orange Julius stands.

Here in the Midwest we had Mr Bulky's and that meant chocolate covered rat turds.

[Easy 6]

Its been a minimum of 11 years since I've been in one, but I've heard the one nearest me is still going strong, there apparently isnt an empty store in the place

[Kiimo]

Originally Posted by chinaski

I think the malls in SOCAL are different as many shops tend to cater to a higher end clientele. Jewelry stores are one example of this. Growing up in KC, I never saw a mall carry high end jewelry, like Rolex and Patek Phillipe watches...you would have to go the Plaza for stuff like that. SOCAL malls have stores with items like that available. Plus the SOCAL mall has a high concentration of 'better' eating places etc. Midwest malls had hotdogs, pizza and Orange Julius stands.

Thanks now I have to go find out where they sell Orange Julius and feed this craving

[vailpass]

Originally Posted by Rain Man

I've done a big study of shopping patterns in Colorado, and the proportion of shopping online more or less matched what doomy said. It's big in some sectors and non-existent in others, but when you look at everything people buy, it was less than 10 percent in the study that I did. That might have included restaurant spending, which isn't exactly online-eligible, but even so, online is smaller than most people think.

Thanks for the hard data. In considering the amount of retail spend in the US, or a given state, ~10% is a signicant $ amount now that I take a minute to think on it.

It’s hard to reconcile the large amount of brick and mortar retailer closings with that seemingly low percentage of ecommerce shopping. In just 2018 Toys R Us, Ann Taylor, Walgreens, Kmart, The Gap, Footlocker, and more have closed all or a large number of their stores.
https://www.businessinsider.com/stor...n-2018-2017-12

[rocknrolla]

Originally Posted by Simply Red

That was my stompin grounds in the the late 80's!
Merry go round
US nostalgia
& The Jones Store. Good times!!!

[doomy3]

Originally Posted by vailpass

Thanks for the hard data. In considering the amount of retail spend in the US, or a given state, ~10% is a signicant $ amount now that I take a minute to think on it.

It’s hard to reconcile the large amount of brick and mortar retailer closings with that seemingly low percentage of ecommerce shopping. In just 2018 Toys R Us, Ann Taylor, Walgreens, Kmart, The Gap, Footlocker, and more have closed all or a large number of their stores.
https://www.businessinsider.com/stor...n-2018-2017-12

Of course, but stores closing their doors has been around well before e-commerce became a thing. Think of stores that existed in malls 20 years ago. Many are out of business while new stores have opened and thrived. That is still happening.

[doomy3]

Originally Posted by Simply Red

about to post basically this same thing - and who knew that doomy (of all people) dealt with fashion conglomerates?

Past life connections. Now I deal with it more on a real estate level.

But what do you mean by “of all people”??

[banecat]

Originally Posted by doomy3

Past life connections. Now I deal with it more on a real estate level.

But what do you mean by “of all people”??

You people?

[vailpass]

Originally Posted by doomy3

Of course, but stores closing their doors has been around well before e-commerce became a thing. Think of stores that existed in malls 20 years ago. Many are out of business while new stores have opened and thrived. That is still happening.

Sure, that makes sense.
But none of those stores were Sears, Kmart, Macy’s, Toys R Us, Radio Shack, etc. There has never been a time when the major retailers were disappearing from the brick and mortar like they are now.

Or malls closing.
https://www.businessinsider.com/the-...-photos-2017-3

I’m not rooting against brick and mortar, quite the opposite. There doesn’t seem to be any question that the retail landscape is being remade like never before. How that settles out in the end will be interesting to see.

A positive possibility for commercial real estate space formerly occupied by closed stores:
https://www.businessinsider.com/what...d-malls-2017-5

[Deberg_1990]

Indoor malls have been dying a slow death for years.

Outdoor malls are still thriving.

[lcarus]

I know you like to watch the dead mall videos on Youtube, dont you Simply Red?

[Bugeater]

Originally Posted by Simply Red

th' ****?

How to embed a YouTube video. TRYING TO BE HELPFUL HERE

[vailpass]

Originally Posted by Deberg_1990

Indoor malls have been dying a slow death for years.

Outdoor malls are still thriving.

Outdoor malls?

[scho63]

The last mall I was in was the Fair Oaks Mall in Fairfax VA. I was there several times to pay my Verizon bill, buy a pair of shoes at Clark's and some other insignificant crap. 6-7 years ago.

I spend little to no time in ANY mall and the mall I grew up with in NJ was one of the FIRST malls ever built by the DeBartolo family of San Francisco 49ers's fame and owners.

The crappy POS mall is still there with Sears, Sterns, JC Penney's and Macy's as the 4 major anchors.

I've been in a mall about 5 times in the last 30 years, 3 times to find the property manager for my job.