It’s funny because anecdotally both malls near me are busier than I have ever seen them currently.
Mall department stores were struggling; the pandemic has pushed them to the edge
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Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#12How many of these are genuinely because the store couldn't make a profit vs got saddled by a bunch of private equity financial engineering debt?
Guitar Center is a good example--if you sent them through a full blown Chapter 7 where they could finally discharge the stupid private equity debt they would be a perfectly profitable running business.
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#13"Malls are dying" seems like a "the suit is back" sort of meme. I've literally been hearing this for 20+ years. And the mall near me seems busier than ever. Someone must be pushing this for some reason. People shorting mall real estate?
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#14In the city I used to life a ton of strip and traditional malls were bought up by the state and turned into offices. It was kinda weird to live across the road from the place that managed my state income tax while it looked like it was supposed to be a discount clothing store.
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#15"Malls are dying" seems like a "the suit is back" sort of meme. I've literally been hearing this for 20+ years. And the mall near me seems busier than ever. Someone must be pushing this for some reason. People shorting mall real estate?
I used to work next to a mall that literally went out of business and was torn down. The mall in my hometown has the highest vacancy rate I've ever seen.
My guess is that they are collectively dying, but that the severity of symptoms is not evenly distributed.
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#16"Malls are dying" seems like a "the suit is back" sort of meme. I've literally been hearing this for 20+ years. And the mall near me seems busier than ever. Someone must be pushing this for some reason. People shorting mall real estate?
I think the timeline was just longer than presented.
They're definitely not surviving as they did in the 70s - 00s
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#17"Malls are dying" seems like a "the suit is back" sort of meme. I've literally been hearing this for 20+ years. And the mall near me seems busier than ever. Someone must be pushing this for some reason. People shorting mall real estate?
I think the timeline was just longer than presented. They're definitely not surviving as they did in the 70s - 00s
Malls were massively overbuilt in the 70s and 80s.
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#18Good riddance! I’ve been hearing about a come back as stores make “instagrammable” experiences, sounds fun but I don’t trust real estate agents
A new Dick's sporting goods opened near me with experiential attractions like a batting cage and a climbing wall. Galyans had a climbing wall when Dick's bought them out 15 years ago and promptly ended the experience after converting the stores over.
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#19"Malls are dying" seems like a "the suit is back" sort of meme. I've literally been hearing this for 20+ years. And the mall near me seems busier than ever. Someone must be pushing this for some reason. People shorting mall real estate?
They are? Just search for dead/abandoned mall videos on YouTube. No shortage of malls declining.
Re: Mall department stores were struggling; the pandemic has pushed them to the edge
#20"Malls are dying" seems like a "the suit is back" sort of meme. I've literally been hearing this for 20+ years. And the mall near me seems busier than ever. Someone must be pushing this for some reason. People shorting mall real estate?
I used to work next to a mall that literally went out of business and was torn down. The mall in my hometown has the highest vacancy rate I've ever seen. My guess is that they are collectively dying, but that the severity of symptoms is not evenly distributed.
In our current "age of big data" is there a source of data that would show the number of malls as a function of time? It would also be interesting to know the trend of vacancy in malls over time, and things like average number of outlets in malls over time. Where would someone mine data like that?