HDRKID
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Taken from http://www.businessinsider.com/shopping-malls-are-going-extinct-2014-1
"Middle-level stores in middle-level malls are going to be extinct because they don't make sense," said Davidowitz, chairman of Davidowitz & Associates, Inc., a retail consulting and investment banking firm. "That's why we haven't built a major enclosed mall since 2006."
Back in 2005 I predicted that malls are going away. Here are the reasons. Most are obvious now:
"Middle-level stores in middle-level malls are going to be extinct because they don't make sense," said Davidowitz, chairman of Davidowitz & Associates, Inc., a retail consulting and investment banking firm. "That's why we haven't built a major enclosed mall since 2006."
Back in 2005 I predicted that malls are going away. Here are the reasons. Most are obvious now:
1. Property taxes are going up.
2. Electricity costs are going up.
3. Internet stores are less expensive.
4. Driving is less due to rising gas prices.
5. Stores like sears... just don't care any more.
Debunkers made fun of me in 2005. They said, everything is fine and you are a nut case. Well, what do they say now. It is, that was obvious and everybody knew the malls were going away. There was no way they could compete with the internet - no way. All your predictions are obvious and I am calling you captain obvious from now on. 2. Electricity costs are going up.
3. Internet stores are less expensive.
4. Driving is less due to rising gas prices.
5. Stores like sears... just don't care any more.