4 ms·
I grew up going to this mall. I think the premise of this article is a bit misleading. Sure, some malls are not doing well, some will go out of business, and s
by oceanplexian 8y ago
I grew up going to this mall. I think the premise of this article is a bit misleading.
Sure, some malls are not doing well, some will go out of business, and some will evolve. For example, the nearby Bedford mall lost tenants, turned into a ghost mall, and was demolished a few years ago. But in its place, they built a Whole Foods. And right down the road, a large outdoor mall with outlet stores opened and is thriving with over 100 stores filled with upscale national retailers.
Lots of large chains and even anchors have died. Circuit City, CompUSA, Filene's, KB Toys, Ames, and so on. Amazon didn't kill these companies. These stores were killed by poor management (For example Best Buy is thriving in the age of Amazon). Tech giants would do well to learn from big box retail failures because having a website does not make one immune to poor management or a failure to innovate.