‘Retail Apocalypse’ captures the end of one era in American retail and the beginning of another. https://media.wired.com/photos/5b930c5331692155597a41fe/master/pass/JesseRieser_Retail_15.jpg
Tag: malls
Slappy holidays: Mayhem engulfs US malls as Black Friday rolls into town (VIDEOS)
Shoppers and protesters combined to make Black Friday 2017 as wild as any other year in the US. Violent incidents in Alabama, St. Louis and Houston set the stage for the rowdiest shopping day of the year. Alabama Shoppers got an early start on Black Friday deals Thursday night at the Riverchase Galleria in Hoover, […]
More than 60 malls across America will be closed on Thanksgiving — here’s the full list
CBL Properties is taking a stand against Black Friday. For the second year in a row, the mall operator that manages 62 malls across the country will close all of its locations for the entirety of Thanksgiving Day, according to a letter from its CEO, Stephen Lebovitz. Lebovitz told CNBC that his company had “such overwhelming […]
Uber launching lounges, pickup/dropoff points at Westfield shopping malls
Uber is launching dedicated mall pickup and dropoff points in a new partnership with Westfield across all of its 33 U.S. shopping centers. The ride-hailing company is also going to set up a special waiting lounge at Westfield’s Century City shopping center near Santa Monica Boulevard, which will incorporate sleek, modern fixtures and furnishings and […]
How small towns are hurt when malls are closed
Rick Wilking/Reuters After more than 20 years, Jim Quigley left his job at a Wall Street investment firm for a smaller market. He got elected town supervisor in Ulster, New York, about 100 miles north of Manhattan. Population: 12,251. “My family’s been in this community since 1849,” Quigley said. These days, Quigley is working 60-hour […]
Dying malls in the US should take note of how China is approaching retail
Business Insider/Hayley Peterson Today thousands of empty suburban malls dot the American landscape. Describing decaying buildings and cracked asphalt parking lots, eulogy after eulogy arrives at the same conclusion: The mall is “dead.” (There’s even a website – DeadMalls.com – documenting the decline.) But 8,000 miles away, another vision of the mall has taken hold […]
Here’s what could happen to America’s hundreds of dead malls
Skye Gould/Business Insider seattlepi.com As one of the first post-war suburban shopping centers in the US, the Northgate Mall in northern Seattle defines classic mall architecture. Its architect, John Graham Jr., pioneered the dumbbell, big-box shape for malls, in which two rows of stores face each other and two department stores anchor each end. Graham also gave […]
6 before-and-after transformations of dead shopping malls that were given new lives
Seph Lawless With the rise of online shopping and changing consumer preferences, American malls have increasingly fallen out of fashion. Hundreds of malls have shut down in the past few decades, and about 15% of malls could disappear in the next 10 years, according to a recent report. More than 3,500 mall stores are also projected to close in […]
The collapse of retail chains is leaving America’s shopping malls empty
Seph Lawless “Our fourth quarter results reflect the impact of rapidly-changing consumer behavior, which drove very strong digital growth but unexpected softness in our stores,” lamented Target CEO Brian Cornell this morning in the earnings release. “Unexpected” is a hilarious choice of words. Because we, mere outsiders, have been vivisecting the now structural brick-and-mortar retail […]
JCPenney’s store closures could push hundreds of dying shopping malls over the edge (M, SHLD, JCP)
A tidal wave of store closures is about to hit the US, and the result could be catastrophic for hundreds of lower-tier shopping malls. JCPenney announced Friday that it would close up to 140 stores in the next couple months. That follows decisions by Macy’s and Sears to close a collective 218 stores in the first […]
