Re:America’s ‘Retail Apocalypse’ Is Really Just Beginning
by pixl97 on Wednesday November 08, 2017 @04:49PM
(#15657431)
>The real question is why no malls either care to, or are unable to, attract stores that appeal to customers.
No, the 'real reason' has nothing to do with shopping. The article touched on the actual problem. It is way too easy to get into billions of dollars in debt. If you own mall real estate, who do you want at your mall.
Small businesses that attract customers, but have to pay you with money they earn.
Or
Large chains that earn earn billions by playing leveraged debt games, and will pay stupidly high rates for rent, no customers required.
Malls will survive just fine, the moment rents and property prices are back in touch with reality.
No, the 'real reason' has nothing to do with shopping. The article touched on the actual problem. It is way too easy to get into billions of dollars in debt. If you own mall real estate, who do you want at your mall.
Small businesses that attract customers, but have to pay you with money they earn.
Or
Large chains that earn earn billions by playing leveraged debt games, and will pay stupidly high rates for rent, no customers required.
Malls will survive just fine, the moment rents and property prices are back in touch with reality.