Quote:
Originally Posted by Por_sha911
The whole department store idea has been on its way out. They used to be the place to shop to find "everything" and one of the only places where you could get a "charge plate". Society appreciated quality and value as opposed to low price. Now, Wallyworld, Target, KMart are the go to places and credit is everywhere. Montgomery Wards is gone, JC Penney has been on life support for some time. I predict that unless the store is high end or trendy: Needless Markup, Macy's, Proffitts... they will be gone.
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Sears, JCPenny, Wallyworld, Target, etc are all anchor stores for most shopping malls. They end up paying the most for shop space per foot, but have the position of being feeders for smaller surrounding stores. When an anchor goes out, the whole chain that feeds on them eventually goes out.
Rents slide for major mall tenants - Chicago Tribune This hurts the mall with decreased revenue for things like upkeep and security. Eventually people stop going to the malls and go elsewhere.
Most chain department stores seem to be positioning themselves outside the bounds of the traditional mall/shopping center trend and are looking for locations on their own when they can. Usually the feeder stores are in retail space away from the department store.
With the demise of the large anchor stores, look for the disappearance of malls as we know them. This seems to be more of the trend for department stores in general. Don't know if it is working.