4 ms·
> Malls are going to start becoming ghost towns, especially with no anchor stores like Penny's and the since-departed Sears. Pretty sure that already happened.
by jldugger 6y ago
> Malls are going to start becoming ghost towns, especially with no anchor stores like Penny's and the since-departed Sears.
Pretty sure that already happened. The US built waaay too much retail space[1], and still[2] has an overhang in most markets. And yea, Amazon kinda ate the Sears / JCPenny lunch, which has not helped matters.
[1]: https://qz.com/1032723/theres-much-more-empty-retail-space-in-the-us-than-in-other-countries-on-a-per-capita-level/ https://qz.com/1032723/theres-much-more-empty-retail-space-i...
[2]: https://amp.cnn.com/cnn/2020/01/08/business/macys-store-closures/index.html https://amp.cnn.com/cnn/2020/01/08/business/macys-store-clos...
- AniseAbyss 6y agoI like to joke that the US economy depends on how much crap people buy in December (and many, many factories in China depend on it too).