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Think for a moment at the last time I purchased for something other than groceries.
Perhaps you need an updated piece of furniture, a new group for an event or a new pair of shoes.
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Perhaps it was not the first place that I went to buy one of these elements is an internal shopping center.
Perhaps it would have been a few decades ago.
Shopping behavior of ordinary Americans has changed dramatically over the past few years.
In the 1980s and nineties, for example, shopping centers were mainly the place of a meeting for the US dollar, social activities and even exercises.
At that time, the ordinary Americans spent 12 hours a month in a shopping center, outwardly, a large part of their estimated spending went to the mall’s tenants, too.
Shopping centers change
The shopping centers have been a win -win model because they have offered many stores and dining options in one central location. Before the emergence of shopping centers, discount stores or online retailers, going to 10 different stores on Saturday afternoon was a common activity.
Rabeh’s business model was also. Shopping centers were able to impose fees on tenants huge rents to reach all this traffic, which have often been converted into sales.
More closure:
- Another retail chain that struggles in shopping centers closes more stores
- The troubled supermarket chain closes more sites
- The People’s Bank closes dozens of branches (the sites that have been revealed)
Now, however, spending 12 hours in analysis through a group of different stores to find that one perfect component looking for it seems less fun and more fun acting like a waste of time. Especially if you pay the price of a full poster for this sofa, dress or pair of sneakers.
Now, it is much easier to get what you are looking for in Homegoods, Saks Off Fix, Ross, or in one of the many online retailers who often offer voucher codes or sales close to fixed.
Another store shutters
Since Americans have less patience to spend weekends in shopping centers, and they take their dollars elsewhere, most tenants have suffered in shopping centers.
It has almost an investment has become almost for many retailers to keep pace with large rental amounts to attract fewer shoppers.
The numbers bear; The shopping centers accounted for only 5.5 % of the total retail spaces of brick and curtain in 2023.
Related: Global Retail Seller closes most of the stores, no bankruptcy yet
More tenants choose to leave shopping centers. Either they offer bankruptcy and closing sites, or they simply move their sites elsewhere.
One of these retail is Messi ((M)) ,, Which she said would close up to 150 stores by 2026 as part of the new bold separation strategy to transform business and return to profitability better.
Now, the famous MACY site is closed in Massapequa, New York after half a century of history.
According to the Ministry of Labor in New York, Mace’s at the Sunrise Mall will be closed at Massapequa at Long Island on April 11.
The site has been working since 1973. It was one of the first stores to open with Sunrise Mall. It only leaves behind Dick’s sports goods in the mall, which is now a commercial center because most other tenants have now left.
This MACY will see more than 75 employees.
