Enclosed shopping centers, long the cathedrals of American consumerism, are closing their doors by the hundreds as the recession continues to clobber retail sales. Is America’s love affair with the mall over? Full Story »
Posted by Derek Hawkins
Interesting report on the bleak outlook for America's shopping malls in today's economy. Missing is quantification of the drops in revenue for retailers across the nation, and the root cause: unemployment statistics for the past 12 months, and the drop in earned income for American families.
Our consumer economy is unsustainable, as is the concept of any system or organization based on the premise of infinite growth and expansion. There are limits to size and scale of natural organisms, systems and cycles, and we may well have reached the limit of our growth-dependent consumer economy. If history is also precedent, our future social model may more closely resemble the America of the 1930s than the 1990s, where credit was nonexistent, money was scarce, when everyone ... More »
Even before the recession hit, consumers had developed mall fatigue, and the classic enclosed shopping mall was in decline. More than 400 of the 2,000 largest malls in the ... More »
This article lacks timing. It is at least 10 years past due. Despite the last paragraph this has been happening for a long time.
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