The Death Knell of the Suburban Mall

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The Business Insider reports that American families are no longer packing up and spending their evenings and weekends shopping at the suburban mall, and it is expected that 25 per cent of the suburban malls in the United States, approximately 300 will be losing their anchor stores as the mainstream retailers like “Macy’s, JC Penney and Sears shutter hundreds of stores to staunch the bleeding from falling sales.”

“When anchor stores close, it can be hard to find businesses to replace them, because they occupy the multistory buildings at mall entrances that are often at least 100,000 square feet. If no replacement tenant is found, the loss could trigger a decades long downward spiral for the shopping mall and surrounding communities.”

Malls do not die quickly-they wither as stores are closed. “Within the last couple of months, several mall-based stores — including American Apparel, Abercrombie & Fitch, The…

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