Reasons Why Malls Across The US Are Closing Down More Than Ever

  Рет қаралды 281,502

Business Insider

Business Insider

Күн бұрын

The American shopping mall is in a crisis. One of the largest malls in Pennsylvania, the Galleria at Pittsburgh Mills, sold for just $100. We explore the variety of reasons why malls cannot keep their stories afloat and are becoming vacant wastelands.
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Пікірлер: 789
@aseeyah12
@aseeyah12 7 жыл бұрын
Also they built way too many of them.
@thefifthhour45
@thefifthhour45 7 жыл бұрын
aseeyah12 More of them than high schools. In my area there are 3 shopping malls and 15+ high schools
@davinp
@davinp 7 жыл бұрын
My local mall is built right across the street of one of the county's high schools. The county has 13 high schools and 2 malls. The mall opened in 1985 and is still thriving with over 200 stores
@TjSamson
@TjSamson 7 жыл бұрын
aseeyah12 There are too many malls here in the Philippines some are even so big but they stay alive because of aircons.
@rtec6106
@rtec6106 7 жыл бұрын
Tj Samson Im from the philippines too. the downside of having too much malls in our country is too much traffic and the closure of small and medium business. I like malls, but too much of them can be a burden..
@stanr5787
@stanr5787 7 жыл бұрын
aseeyah12 yea
@jamesricker3997
@jamesricker3997 7 жыл бұрын
The cost of housing keeps rising but people's salaries aren't.
@thecosmichiroshi
@thecosmichiroshi 7 жыл бұрын
James Ricker However, the stock market for Sports Authority went down drastically over a course of several years. R.I.P. Sports Authority, 1985 - 2016.
@anonymousx1990
@anonymousx1990 5 жыл бұрын
And guess who is sucking the money out? The goddamn bankers.
@invaderzim1265
@invaderzim1265 5 жыл бұрын
AMEN!!
@invaderzim1265
@invaderzim1265 5 жыл бұрын
@@anonymousx1990 “Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
@invaderzim1265
@invaderzim1265 5 жыл бұрын
@@anonymousx1990 “The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
@TheQueenSpider
@TheQueenSpider 7 жыл бұрын
Malls were a social center. Back when there wasn't social media and the internet this is where we hung out.
@Maki-00
@Maki-00 7 жыл бұрын
Dimitri Borozny, did your dad give specific reasons for his speculation?
@692ALBANNACH
@692ALBANNACH 5 жыл бұрын
Or in smaller communities we hung out in front of the variety stores or the pool hall.Then you would get a reputation!
@peanutbutterisfu
@peanutbutterisfu 3 жыл бұрын
Yup when I was a kid that’s where we all went on the weekends
@justinmoore3217
@justinmoore3217 3 жыл бұрын
Dude with or without the internet and social media people go to the mall and hang out to buy stuff to this day so you sound ridiculous
@Deontjie
@Deontjie 7 ай бұрын
Back when the community was not so divided. Michelle Obama did her best to rally everyone against everyone else.
@danielobrien740
@danielobrien740 7 жыл бұрын
they are going down because people do not have the money
@ctruth6185
@ctruth6185 5 жыл бұрын
Daniel O'Brien the upper class has grown, the middle class has shrunken and the poor class grows. Do the math. Malls can no longer cater to the middle class. They must appeal to high end or combine low & middle.
@invaderzim1265
@invaderzim1265 5 жыл бұрын
“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” - Napoleon Bonaparte, Emperor of France, 1815
@brandonwombacher2559
@brandonwombacher2559 5 жыл бұрын
If People Have No Money. Commerce Fails
@nandoGdog
@nandoGdog 7 жыл бұрын
Consumers are broke that's why the malls are slowing down.
@oldtwins
@oldtwins 7 жыл бұрын
There is less disposable income for the middle class than ever before. However, luxury malls are doing just fine for the top 1% and affluent tourists who also come to the US to buy up property in cash, driving up price, and leaving the middle class to struggle even more.
@john-9658
@john-9658 6 жыл бұрын
oldtwins also dont forget the people who shop there and live beyond their means.
@aarons8421
@aarons8421 7 жыл бұрын
I say turn them into senior living centers, put apartments on the top floors, then stores, pharmacys, etc. on the lower levels. That way everything they need is indoors, there's plenty of parking outside for family to visit, and add security at the entrances.
@Maki-00
@Maki-00 7 жыл бұрын
Great idea!
@binzsta86
@binzsta86 7 жыл бұрын
Put a strip club in there too to keep them entertained.
@shaleknight6224
@shaleknight6224 6 жыл бұрын
Flash lol
@HattieMcDanielonaMoon
@HattieMcDanielonaMoon 6 жыл бұрын
Flash 😑😒
@judithmorneau6203
@judithmorneau6203 5 жыл бұрын
Great idea...
@IBZI7
@IBZI7 7 жыл бұрын
Not everyone wants to spend 50-70 dollars on a pair of Levi's
@binzsta86
@binzsta86 7 жыл бұрын
Levi's that they made in sweat shops for less than a dollar while paying their child labors ten cents a day.
@yoleeisbored
@yoleeisbored 4 жыл бұрын
lol or a 60 dollar hoodie from Abercrombie
@maninedoow5895
@maninedoow5895 4 жыл бұрын
Anymus they do that on the internet. DF?
@denismclean5225
@denismclean5225 3 жыл бұрын
When visiting USA, never paid more than $30 for Levi’s.
@FullAttach
@FullAttach 7 жыл бұрын
Two important points i think were missed here. Class B and C malls account for most of the closings - elite class A malls are doing just fine, and are expected to out live the others through the next 10 years. Also, outdoor malls are faring better than indoor malls. I'm guessing it is the more prestigious shops that wish to more fully control the customer experience.
@Novusod
@Novusod 7 жыл бұрын
This has to with death of the middle class. Low end malls with mid range shops are dying because the middle class itself is dying. People can only afford to shop at Walmart and Target or online. The upper class wealthy people are doing well though so high end malls with prestigious shops are thriving. It is a sign of the times. Already massive inequality is growing and squeezing out the middle class. America is rapidly becoming a society of have and have nots.
@samporch4236
@samporch4236 7 жыл бұрын
bjj
@donsancho8344
@donsancho8344 7 жыл бұрын
"outdoor malls" are called 'outlets' bro
@FullAttach
@FullAttach 7 жыл бұрын
N.J.L H. No. There are plenty of malls that are outdoor and contain only 'premium' stores - no outlets here. And yes, these are called malls. They are almost always held by the same owners. These owners are making decisions where to invest - either in indoor malls, or outdoor malls - they are all malls, and indoor malls are loosing. This trend runs across the county, no matter what the climate. Many of the higher profile companies represented in the indoor malls want to control their own customer experience. They feel they can accomplish this better apart from the indoor mall experience - stand-alone being best.
@Commentator541
@Commentator541 7 жыл бұрын
Outdoor malls are easier to maintain, and the energy bill just doesn't compare.
@preciadoalex123
@preciadoalex123 7 жыл бұрын
you can't try on clothes on Amazon.
@marcusc3463
@marcusc3463 7 жыл бұрын
no, but get it try it on.. if it doesnt work out you can return it....
@spiritanimal7516
@spiritanimal7516 5 жыл бұрын
Other places sell clothes that aren't as expensive.
@yousaypotatoesisaypootato6977
@yousaypotatoesisaypootato6977 5 жыл бұрын
@Blue squirtle like what
@mynameisreallycool1
@mynameisreallycool1 5 жыл бұрын
@@yousaypotatoesisaypootato6977 Goodwill, Wal-Mart
@chairde
@chairde 4 жыл бұрын
I buy clothes through Haband online. I just checked and you can buy clothes on amazon. It even has a size chart.
@misterhot9163
@misterhot9163 7 жыл бұрын
I remember when my grandmother scoffed at malls saying it took away from downtown businesses locally. After the postwar boom, developers were fulfilling a need for millions of families that moved to the suburbs by building these massive shopping centers. More than a half a century later the pendulum is shifting the other way, specialty store and entertainment venues have eclipsed the shopping mall.
@Gandalf17
@Gandalf17 7 жыл бұрын
i have not been in a mall in almost a decade. i remember going to them almost every weekend when i was a teenager.
@waranle961
@waranle961 7 жыл бұрын
Jack K are you conservative or liberal?
@mynameisreallycool1
@mynameisreallycool1 5 жыл бұрын
I didn't go to the mall growing up, and honestly, I find shopping at malls stressful rather than fun. Going from one store to another, getting lost, finding that everything they had was crazy expensive, chasing my siblings around. I'd rather just go to a regular store and get the shopping over with, that or buy my things online.
@MrHistory269
@MrHistory269 4 жыл бұрын
@Waranle why does it matter if he’s liberal or conservative
@MrMac5150
@MrMac5150 7 жыл бұрын
The INTERNET destroyed the Malls.....simple as that.
@tommytruth7595
@tommytruth7595 7 жыл бұрын
That and urban thugs hanging out in them.
@GummyDinosaursify
@GummyDinosaursify 7 жыл бұрын
No. It really didn't. There's a lot of things that could be blamed but the main thing is, Malls refused to change with the changing times. That's why a lot of big companies have gone under or are going under. They refuse to change. They refuse to lower their prices, they refuse to offer more unique products, they refuse to entice the customer to go there in the first place. The CEOs are just there to get a paycheck, they dont care. The employees are underpaid and overworked, so they dont care. No one cares.
@Peng_Pong
@Peng_Pong 7 жыл бұрын
Plus TOO MANY TEENS!!!
@proudbeaner696
@proudbeaner696 7 жыл бұрын
Radiant P3nguin Teens has nothing to do with it
@BennyLlama39
@BennyLlama39 7 жыл бұрын
MrMac5150 Don't forget the expensive/over-hyped clothing stores that I have yet to see anyone shopping at.
@Nick-ws3vv
@Nick-ws3vv 7 жыл бұрын
Man this is sad. I used to go to the mall all the time when I was little.
@Mu51kM4n
@Mu51kM4n 7 жыл бұрын
I personally see nothing wrong with any of this. In fact a more informed and money conscious consumer and a better thing. Change happens. if you can't adapt with the change, then you disappear. same for economy and business as with nature
@Commentator541
@Commentator541 7 жыл бұрын
Sad things is CEOs and people that actually make bad decisions never suffer the consequence. But a lot of people loose their jobs, and customer loos the faith in a brand.
@conniecharley7086
@conniecharley7086 7 жыл бұрын
why is it that I saw brand new modern apartments with a white picket fence in front all painted nice and white next time a few months later went by same apartments dirty fences leaning over Almost completely down the ground. looked a mess with very expensive apartments with gated security just a few yards away. nice neighborhood now there was no reason for this what so ever. the people living around this upset no excuse for this kind of thing can't say who lived in the apartments with the nice white picket fence.
@gregoryroberson2529
@gregoryroberson2529 6 жыл бұрын
People change with time retail malls and stores cannot compete
@TheUltimateSlayer
@TheUltimateSlayer 7 жыл бұрын
I hate malls. They are always so hot and over crowded and most of the people are gross.
@maxpower9672
@maxpower9672 7 жыл бұрын
Black The Supreme God People go there to hang out more than they go to shop.
@shjsshhshs9936
@shjsshhshs9936 7 жыл бұрын
Black The Supreme God op
@ghanamafia7199
@ghanamafia7199 7 жыл бұрын
Mall employees are not the nicest either with zero knowledge on most of the stuff they sell...They'll even pretend to know about the product and tell you what they think you want to hear....body language....micro aggressions......crowded mall elevators and bathroom.....Garbage Mall food......STRANGE PPL....weird stares.....all of that mixed together to form 1 big mess.....
@JRsimp8
@JRsimp8 7 жыл бұрын
Ghana Mafia Lmao I actually knew what was I talking about when it comes to sell clothes in retail that's just stereotypes, u have to look at it this way retail for employees are mainly aged range from 16-22 and you have to kind of tell who actually knew their own stuff more than who was just there to get a paycheck, plus that being said I actually cared about my job than most of the little kids I've worked in the past 7 years of retail experience
@ghanamafia7199
@ghanamafia7199 7 жыл бұрын
Jesse Simpraphone Regular Malls are just stupid....I prefer online or outlet malls....Outlet mall employees are more knowledgeable but snobbish too....Regular malls are just a waste of space....those girls working in the mall are more concerned with their looks and finding dates than helping customers.
@davester1970
@davester1970 7 жыл бұрын
Another reason for the decline of shopping malls as well as traditional retail in general is that their main target customer base (women) aren't willing to go out, shop and spend hours shopping as they did in the past. Now that more and more women are working outside of the home, they aren't going to want to spend their precious time off in someone's store.
@plantagenetsurvivor8771
@plantagenetsurvivor8771 6 жыл бұрын
David Reynolds - exactly. You’ve got to get showered and dressed (one hour) drive to the mall. find a parking spot and hike to the door (30 min) walk around a huge store looking for what you need and it ain’t there and you hike to the other side of the mall to the other anchor store to walk around that place looking for what you need. (2 hours) Big waste of precious time. Go online, find 20 places that has what you need, read that product reviews shows 3,000 people gave it 4 and a quarter stars, add to cart, make your purchase...(5 min) go pour a glass of wine and relax.
@andywatson7994
@andywatson7994 7 жыл бұрын
Except I don't do my clothes shopping on Amazon I prefer to physically buy it from the store so I could actually see how big it is or how small it is.
@marcinmysliwiec5825
@marcinmysliwiec5825 5 жыл бұрын
Especially shoes like Uggs
@ting280
@ting280 7 жыл бұрын
it's not that "people want discounts." it's that if a product costs $5 one place and $10 somewhere else, what makes sense? plus people suck, so the less you are forced to interact with people the better.
@romanonaidoo2737
@romanonaidoo2737 7 жыл бұрын
The Last Of Us anyone?
@moistcow812
@moistcow812 7 жыл бұрын
Romano Naidoo me
@iCraft54Games
@iCraft54Games 7 жыл бұрын
Romano Naidoo yes. First thing I thought of
@JohnLee-kl4tc
@JohnLee-kl4tc 7 жыл бұрын
How does thia have to do with the Last of Us, unless your talking about the DLC.
@lil_vault_boy
@lil_vault_boy 7 жыл бұрын
Mr. Tactical Yeah the last of us
@mightybfool
@mightybfool 7 жыл бұрын
Mr. Tactical reminds me of the Last of Us : Left Behind. When they're playing in the mall
@GenK1991
@GenK1991 7 жыл бұрын
I cant afford to go to the mall anymore, too busy paying my loans to have any discretionary income to toss at a JCrew shirt
@MrHistory269
@MrHistory269 4 жыл бұрын
I suggest listening to Dave Ramsey on podcast he wages war on loans and he tells you how to pay It off i am serious look into him
@davinp
@davinp 7 жыл бұрын
My childhood mall is still thriving. The Potomac Mills Mall in Woodbridge, VA open in 1985 and has 200+ stores on one single level. It has been a popular tourist attraction. The mall is anchored by JC Penny, Sears Outlet store, TJ Maxx and Marshall Home Goods. We also have an AMC Theater on the front side of the mall. The Ikea grew so big that it built it's own building across the parking lot of the mall.
@dylanmaruri5658
@dylanmaruri5658 7 жыл бұрын
Davin Peterson eyyyy I am from here too amigo
@dylanmaruri5658
@dylanmaruri5658 7 жыл бұрын
AMC for life
@monochroma6724
@monochroma6724 7 жыл бұрын
Same. Kind of spooky clicking a random video and find people go to the same mall as you.
@genesis2514
@genesis2514 7 жыл бұрын
Ayeee im from Woodbridge go there all the time
@Mr123awesomecoolio
@Mr123awesomecoolio 7 жыл бұрын
Davin Peterson I love about 40 minutes from there and the malls are doing pretty well too
@okrajoe
@okrajoe 7 жыл бұрын
It's the end of the mall as we know it....
@TjSamson
@TjSamson 7 жыл бұрын
okrajoe At least in US, in other countries. Malls are still popular.
@ss_whole
@ss_whole 7 жыл бұрын
...and I feel fine
@number62
@number62 7 жыл бұрын
Super Kyle ah, you beat me to it.
@giovannigonzalez5636
@giovannigonzalez5636 7 жыл бұрын
okrajoe haha I line that song
@MrBenedick14
@MrBenedick14 6 жыл бұрын
okrajoe in usa yes..but in asia not
@fuckinXmetal
@fuckinXmetal 7 жыл бұрын
the indoor mall boom was ridiculous in the 70s and 80s, to the point it became saturated, and then in the 90s and early 2000s were outdoor malls and mini-malls or shopping centers, but the thing is, people would rather hit the internet now, or get a discount 1 stop shop. However, I see these dying out eventually too. Department stores will phase out, nobody really wants to shop the same as they used to. I do security at an outlet mall, a lot of our stores have been closing recently, and that mall has been dying for years. The dynamic of how cautiously one spends their money has changed so drastically.
@everforward8651
@everforward8651 6 жыл бұрын
My hometown mall was starting to die, so they began to renovate it. They had taken out the fountains and the trees, and I suggested that they put them back, because they lend a flavor to the experience of shopping, but the mall manager said that both tended to block the line of vision (to glimpsing store fronts). That's too bad, because one way that malls are to save themselves is to make themselves a unique place where people like to spend time and relax--and fountains and trees induce a feeling of relaxation and tranquility. What do the rest of you think about this?
@ericsanchez5638
@ericsanchez5638 7 жыл бұрын
So Sad... Memories of going to the mall to meet up with friends and meet new ones. Dropping by the music shops to check out new tunes, the food court, picking up some new threads and kicks and checking out a new flick. Something the new generation will miss out on
@ericsanchez5638
@ericsanchez5638 7 жыл бұрын
49jubilee LOL. Ain't that the truth. You know the social interaction also. I'm settled down now but I can't tell you how many girl "Friends" I met and other buddy's I met just going to the mall. I know their are clubs, spring breaks and so on but it's not the same than being " sober " and just navigating the different personalities. Ohh yeaa.. And that mysterious corner known as the arcade.. Lol
@jonwcs5842
@jonwcs5842 7 жыл бұрын
"put on your Sundays best kids, we're going to Sears!"
@FoneStar78
@FoneStar78 6 жыл бұрын
Duh... They're closing because of the economic collapse. It has nothing to do with online shopping.
@yousaypotatoesisaypootato6977
@yousaypotatoesisaypootato6977 5 жыл бұрын
Fone Star yup ur right we might be going into another Great Depression history just repeats sadly
@kurtwetzel154
@kurtwetzel154 5 жыл бұрын
Fone Star you are right but online shopping doesn't help. You can shop pretty much anywhere as long as you have internet access. It takes a fraction of the time. No need to travel to a mall shopping store to store. You can easily compare prices and get the best deal. You save a lot of time. You can relax and do whatever you like.
@spellerlittlewing
@spellerlittlewing 7 жыл бұрын
plus i like shopping online for the few items i do buy don't have to put up with rude cashiers and people
@alexdavinci9533
@alexdavinci9533 7 жыл бұрын
I stopped going to the mall after I discovered Amazon. That was almost a decade ago.
@TheSmartLawyer
@TheSmartLawyer 3 жыл бұрын
That is not good!
@oboyz3848
@oboyz3848 6 жыл бұрын
That first abandoned mall is literally 5 min from my house in Matteson Illinois . I used to shop their years ago
@SeeGraeginatorRun
@SeeGraeginatorRun 6 жыл бұрын
Jasonj726 Lincoln Mall. I remember that mall used be packed in the 90’s
@jessewoody5772
@jessewoody5772 5 жыл бұрын
Amazon is not always “deep deep discounts”. Shop carefully there because they are introducing confusion tactics that end up costing you. Amazon is more convenience that cost savings.
@statueman5363
@statueman5363 7 жыл бұрын
One of the other reasons malls are losing people is cause they kicked out all the kids, they got rid of the arcades and toy stores and some of them even got rid of the food courts as well. So if kids at a young age are not exposed to the malls they won't care for them when they are able to drive and hang out in. Least the malls around me went to upscale and wanted to keep the young out, so you more or less killed your future customers going there when of age to travel on their own.
@499PUCK
@499PUCK 5 жыл бұрын
Tech sales only account for less then 20% of sales. When food, gas and housing expenses go up but your pay check stays the same something has to go.
@invaderzim1265
@invaderzim1265 5 жыл бұрын
My thoughts are the same. Something or somebody is going to give in!!
@HattieMcDanielonaMoon
@HattieMcDanielonaMoon 6 жыл бұрын
Let's hope Paul Blart is safe.
@darkmatter5424
@darkmatter5424 Жыл бұрын
In some countries like the Thailand, Malaysia or the Philippines, malls are not just shopping destination, they're recreational centers that attract people for a whole lot of reasons. You will always find something to do in their gigantic malls apart from buying something.
@tigercap100
@tigercap100 7 жыл бұрын
i miss the 80's
@tquatMassEffect
@tquatMassEffect 7 жыл бұрын
that's why you need to make the mall itself an experience. coaster, water park, museums, indoor rock climbing and skydiving. paintball courses. Center the mall on the experience and put the stores on the side.
@shinnam
@shinnam 7 жыл бұрын
In South Korea, housing is combined with malls, and every mall has at least one big supermarket, and tutoring schools for the kids too. Hardly any reason to leave home, and one is less inclined to spend the time/energy to save a buck or two. These US mall buildings should become affordable housing, especially for all the babyboomers that are not going to be able to drive in the near future.
@number62
@number62 7 жыл бұрын
shinnam baby boomers can afford housing. They stole the fortunes of the following generations. Screw the baby boomers
@citizencain454
@citizencain454 6 жыл бұрын
That is a fantastic idea. :-)
@RodFarva
@RodFarva 7 жыл бұрын
OMG. Their whiny, nasally voices!! I couldn't finish the vid
@AssassinKiller901
@AssassinKiller901 7 жыл бұрын
No one can afford to keep malls alive
@squid1313
@squid1313 7 жыл бұрын
this makes me so sad. I'm afraid my mall will shut down I LOVE MY MALL
@kpolleck
@kpolleck 6 жыл бұрын
The description of this article include "We explore the variety of reasons why malls..." but you really didn't explore them. BI stated their opinion with no facts or figures. You can do better!
@user-cw2py6wh8l
@user-cw2py6wh8l 6 жыл бұрын
The last time I try to go to the mall. I couldn't find a parking space. That's why I never when back to a mall.
@MTLbigJ
@MTLbigJ 5 жыл бұрын
I work at Costco and I can flat out tell you it's because people want their stuff cheap. Why pay 3x as much in a mall when a department store or online sells the exact same product for cheaper? We're not made of money...
@invaderzim1265
@invaderzim1265 5 жыл бұрын
Me too!! If want something I'd compare prices then consider going to Ebay for a better price if it's Ebay for a better price. And so far I have found items that I like for lesser price.
@invaderzim1265
@invaderzim1265 5 жыл бұрын
I'm not made of money either. I don't spend my money like crazy but sheesh I'm trying to make ends meet while my wages remain the same!! And if I can't afford it then I don't need it or save money until I can afford the item or I tighten up my belt and be content.🤷‍♂️🤷‍♂️🤷‍♂️🤷‍♂️
@GummyDinosaursify
@GummyDinosaursify 7 жыл бұрын
Malls were great in the 90's when the mall catered to Teen/Kids and had a bunch of really cool, unique stores. Now they just have overpriced clothes, shoes and jewelry. There's no reason for me to go to a mall anymore.
@mrj-charles6383
@mrj-charles6383 7 жыл бұрын
When I a in Asia like Singapore or Philippines the malls do really well there. There are other things happening in the malls like live shows and nice place to go to get out of the heat.
@louisity
@louisity 5 жыл бұрын
True I am from the Philippines. Weather is so hot so people tend to stay in malls.
@patxepi
@patxepi 4 жыл бұрын
Mr J-Charles so true when I went to the Philippines the malls were more enjoyable than the houses since there isnt air conditioning 🥵
@kpolleck
@kpolleck 6 жыл бұрын
A big factor is that malls now discourage teens from making the mall their social hang-out place by placing strict limits on when they can be there without parents. ...and, admittedly, the past generations probably didn't spend a huge amount at the mall, but it established the mall as the place to shop for them into their higher-spending 20s and 30s.
@pbabuik
@pbabuik 7 жыл бұрын
one mall that did a great job of restructuring for experience is the walden galleria in Buffalo they added a Dave and busters , electric go karts that go crazy fast .also they added age restrictions inside
@oscar102681
@oscar102681 7 жыл бұрын
a mall that was dying here in ft worth texas was turned into a mexican style mall, with lots of independent vendors and even has a side of the mall dedicated to smaller vendors like flea market style and lots of food vendors too. This mall is NEVER dead! and its still looks very clean and attracts all races of people.
@guynoir3116
@guynoir3116 6 жыл бұрын
Mall closings are sometimes because of real shoppers being ran off by thugs trolling by the hundreds on the weekend just hanging out looking for trouble and a chance to shoplift . Real shoppers feel unsafe and just shop a safer , but less fun way , online . This may be a politically incorrect answer but it's sad and true .
@bigdaddycool28716
@bigdaddycool28716 5 жыл бұрын
The internet is the biggest mall in the world you can stay home and go to hundreds of stores and they are open 24/7
@TorTor323
@TorTor323 7 жыл бұрын
On the internet you don't have to find parking
@grizzlyer2200
@grizzlyer2200 7 жыл бұрын
at the mall you dont have to struggle with not being able to see which shoe sizes fit or if your clothes are too big or too small
@Rielestkid
@Rielestkid 7 жыл бұрын
Dan Bell footage?
@pinkfreud62
@pinkfreud62 7 жыл бұрын
Although people didn't have the Net, online reviews, etc. in the '70's when I grew up with them, we didn't go shopping at the mall wondering if an item was top quality or not. You bought basic items in stores pretty much knowing what you were getting. If you wanted something of higher caliber, you shopped at the higher caliber anchor stores. We loved the malls for the "people" atmosphere & discovering new things by our leisurely browsing. You could see & hold the object. Malls were a great way to pass time & maybe meet someone new. Walmart/internet won't replace the fun at the mall. In the case of my area, it was the gangs & unruly teens who killed off business. Signs of the times. :(
@melodysafo5437
@melodysafo5437 3 жыл бұрын
I agree with everything you said, but please say that you don't mean black people when you say gangs, because people are blaming the death of malls on black people, especially the ones who haven't done anything wrong. Have a nice day!
@melodramatic7904
@melodramatic7904 7 жыл бұрын
I am surprised that when the lady mentioned a change in shopping habits, that she did not mention that a lot of people are now buying local. There has been a growing movement, especially among millennials, to shop at local mom & pop stores, rather than spend their money at a big chain store.
@Imintune...
@Imintune... 7 жыл бұрын
Retail changed over the years. People used to shop downtown til they start building shopping centers. Malls became more obvious now online shopping taken over.
@roylowe6122
@roylowe6122 5 жыл бұрын
People are going to the Malls, but only walking around and eating they are not buying anything. Why not just make a Mall with only Fast Food Restaurants and have One Movie Theater and offer WiFi usage by the hour? Problem Solved..! OH, and most of ALL don't forget ATM Machines that WORK..!
@DD-hy1nl
@DD-hy1nl 5 жыл бұрын
Sorry but I think this is awful that the Malls are closing..I'm old school, I like going into a store and seeing, touching the items I want to buy..I don't get buying everything in life on the internet, on my laptop..I can't even think about buying clothes without trying them on, let alone a pair of shoes! People are getting so lazy, almost 'Hermit' staying home behind a computer 24/7..This is not normal to me, we need to get out there and mingle with people..We need to drive or walk to any store we want to go into, not look at a screen! To me this is too sad, what a world this is now...And I'm not liking it!
@HellsJerome87
@HellsJerome87 7 жыл бұрын
My city's biggest mall is always full during weekends. You can't find a decent parking space and lots of trucks park on the grass. It was renovated about a year ago, the food court looks modern and everything is ecofriendly (no disposable dishes). People just followed. But the Sears parking lot is always half deserted.
@Napsteraspx
@Napsteraspx 7 жыл бұрын
There's a Westfield Mall near my neighborhood that is being redone. They are planning on making an outdoor plaza and walkways, that sounds cool.
@alexo82191
@alexo82191 5 жыл бұрын
I dont go to the mall 1. I dont like dealing with ppl 2. I'm tired of paying retail price
@TjSamson
@TjSamson 7 жыл бұрын
Malls in Philippines are always alive. They also offer good air-conditioning all over the building.
@jordanthfc8039
@jordanthfc8039 4 жыл бұрын
I don't think malls are dying, at my local mall, I always see someone I know, usually multiple people. It's rather crowded as well. I do live in Australia though, not the US
@zzzz_zhtrub
@zzzz_zhtrub Жыл бұрын
Same situation in Malaysia. Finding parking spot is rather difficult but when it comes the weekend,parking spot will be almost impossible to find.
@mnsirens
@mnsirens 7 жыл бұрын
The reason MOA, the 2nd Largest Mall in America, has been able to stay on its feet is because of things like Lego Land, the Aquarium, and of course Nickelodeon Universe, which brings in more than the average shopper. It brings in the Tourist aswell
@isaiahperez6044
@isaiahperez6044 7 жыл бұрын
The only lyrics reason my mall is still open is because it has a movie theater which brings in lots of kids/teens and some families, which then gets them to shop at some of the stores. If it weren't for that movie theater idk how it would be
@ronniedarko2536
@ronniedarko2536 7 жыл бұрын
People are lazy nowadays to go to the mall. They would rather shop online.
@tommytruth7595
@tommytruth7595 7 жыл бұрын
Safer too.
@GummyDinosaursify
@GummyDinosaursify 7 жыл бұрын
Or maybe the mall doesn't have anything except overpriced clothing and it has nothing to do with being lazy.
@watchgoose
@watchgoose 7 жыл бұрын
Exactly. Time and GASOLINE.
@elsociord7553
@elsociord7553 6 жыл бұрын
lollll lazy
@andreas1536
@andreas1536 6 жыл бұрын
Why not? Especially if you are not looking for tons of stuff or specific stuff, why all these waste? I can find exactly what i am looking for, with reviews and get it delivered. Instead of wasting fuel and hours, maybe just to leave with empty hands. The amount of selection is how malls killed a lot of small businesses, now they are being killed by the same weapon.
@gumerzambrano
@gumerzambrano 7 жыл бұрын
Love the great content Business Insider !! keep up the amazing work !!
@baezrivera4848
@baezrivera4848 7 жыл бұрын
People are waking up is what it is. They're falling out of this matrix. People are realizing a shirt is a shirt its just name tagged differences. There are stores opening all over the world now where you can get clothes, very nice clothes dirt cheap. I walk around looking like a CEO of a business with spending very little. Closet full of polos at 3 dollars a piece as well as khaki shorts & slacks under 10 dollars. All brand new no good will not that I have anything against good will, just making a point. Glad to see people waking up .
@ctruth6185
@ctruth6185 5 жыл бұрын
Doctor's offices, legal offices, tax offices, pharmacies, mini libraries, dentist offices, optometrists and more can move into that retail space including restaurants. Gyms, spas, florists and other service businesses could thrive in a mall. Retail items like like large rugs and furniture need space. Who would by a vacuum cleaner or a bed on the internet? Mall owners were charging far, too much for rent is the other unreported part of the story.
@invaderzim1265
@invaderzim1265 5 жыл бұрын
Wow!! They charge too much on rent?! Like how much?
@buildtupthetop7746
@buildtupthetop7746 6 жыл бұрын
Shopping is better than Online Shopping😊
@darththomarius6751
@darththomarius6751 6 жыл бұрын
Between 2006 and 2015, been to mall twice. One was shoes, last was jacket. Ain't been back since and for 9 years I didn't. My Amazon and Walmart online is full of past orders. Mall? Not sure where they all are in the city I live in!
@MaxiiBoii23
@MaxiiBoii23 7 жыл бұрын
I like how the demolished malls in my area were transformed into a shopping center.
@mephosto
@mephosto 7 жыл бұрын
the problem malls around me have had is lack of variety. no more book stores, no more unique or specialty stores, no more arcades, bad restaurants.
@jimflagg4009
@jimflagg4009 3 жыл бұрын
Is it that people like shopping from home? I know I hate going to mega stores where it takes you an hour to find the one thing you want. Maybe go back to smaller specialty stores.
@richardbrown6565
@richardbrown6565 6 жыл бұрын
Malls put the downtown stores out of business. Now it's their turn.
@Fernando-yb1lh
@Fernando-yb1lh 6 жыл бұрын
It's the death of the middle class and nobody wants to see it. People still need clothes and it's difficult to buy clothes online without trying them on. Plus a lot of dinner restaurants are closing too. Fast food is thriving, and the Chipotle like ones, but the other ones are not, this should tell us something. People don't have money to spend. Wages are going down and housing prices up. China and Mexico are building malls like crazy and they're full of people.
@jmjfanss
@jmjfanss 6 жыл бұрын
yep.
@Elmox222
@Elmox222 5 жыл бұрын
Besides wanting to save on money I do think part of the reason malls are closing is just because society has become less social as a whole and rather not deal with people if there's an option not to.
@alejandromolina7270
@alejandromolina7270 4 жыл бұрын
Last Christmas, I went to a mall to find presents and everything I found were expensive. The cheapest items I could find were 50 dollar clothing. I have a 20 dollar rule when it comes to presents, and I can't do that in a mall
@slesperado
@slesperado 6 жыл бұрын
The reason I stopped shopping at malls is because they rarely had what I wanted. The few times they would have what I wanted, they would either overcharge for it or not have my size.
@jong2368
@jong2368 5 жыл бұрын
Mall have always been tedious. They have the same stores. I have always shopped for experiences. I only spend 10 percent on clothes. If malls relied on me, they would all close.
@tekkenfan01
@tekkenfan01 7 жыл бұрын
I met my wife at a mall, now it's just for shooting that Shannara tv series
@chairde
@chairde 4 жыл бұрын
One word answer, “Amazon “. Young people shop online for everything. I’m 73 and now even I shop online. I get delivery in a few days right to my porch. I buy clothes, stamps, tools and cleaning liquids online. It is easy and cheap. I do go to Home Depot for some things for my house but I haven’t been inside a mall in two or three years.
@jameshorn270
@jameshorn270 6 жыл бұрын
Malls in my area were in trouble before the rise of ecommerce and before the Recession. Every couple of years, a new mall would open, often adding a second, or even a third location for an anchor store in a county of 350,000 consumers. This is not counting at least two malls in the other major city in the county, of which I visited one, once. I would say since the mid 90s, even the busiest mall had a 10% vacancy rate, . The older malls shifted to comic book stores, etc and had vacancy rates closer to 20-25%. Malls also became investments for massive corporations, which tend to concentrate on getting money out of the mall rather than putting money into maintenance. One did an "upgrade" - new tile, etc. but never got around to fixing the roof.
@kariilynn7301
@kariilynn7301 7 жыл бұрын
The prices at malls are really outrageous. and unless you're a size 2 its hard to find anything sbove a medium in stores like wet seal. Mostly bc (and I've asked) the larger sizes get scooped up first bc everybodys larger now. its discouraging to shop and find the cutest thing but not your size. i always feel poor and body shamed after the mall and I'm not even fat!
@masonwilliams7963
@masonwilliams7963 7 жыл бұрын
Good Riddance Malls. Nobody wants you overpriced trinkets. I want solitude and loneliness
@SnowSNS11
@SnowSNS11 7 жыл бұрын
Mason Williams same
@neilforbes416
@neilforbes416 7 жыл бұрын
And to indulge yourself in your classical gas!(if you are THAT Mason Williams).
@BlazinNSoul
@BlazinNSoul 7 жыл бұрын
Mason Williams Then go live in the forest away from civilization. Then you'll have all the solitude you want lol. Except for the wildlife that's trying to kill you that is.
@coreym162
@coreym162 6 жыл бұрын
Elitist!!!
@citizencain454
@citizencain454 6 жыл бұрын
Well the malls were where people used to socialize . Talk about being alone? Now we’re all alone behind our computers..
@ethanmeyers195
@ethanmeyers195 4 жыл бұрын
It’s not just shopping habits it’s also crime that can kill a mall
@indecisive.325
@indecisive.325 7 жыл бұрын
I know of a mall that I used to go to a lot when it was thriving. It's really empty now, and the only thing keeping it alive is a multi-story Asian supermarket. No clue how that happened.
@jackmorrison7379
@jackmorrison7379 7 жыл бұрын
The young women here don't mention the fact that the whole mall experience developed with the growth of suburbia and long before the internet. Then along came e-commerce and Amazon and others. Movie theaters as solutions? They are too young to remember that malls built movie theaters as part of the complex back in the late 60's and 70's and it DID NOT save them beyond the first 20 years. The movie places were profitable for a while but then with the coming of dvd's, and cable movies and then the internet, it's over. The only mall I know that is hanging on or doing moderate business is an upscale place with some real high end stores, and more upscale restaurants in the block next to the mall.
@videomaniac108
@videomaniac108 7 жыл бұрын
You're right about the fact that e-commerce only accounts for a portion of the decline in sales at brick and mortar stores. Small local stores and thrift stores are the way to go, with online shopping for what one can't get locally. We have to prioritize the limited amount of time and energy we have and not waste it by wandering aimlessly through malls.
@justusajuluchuku1187
@justusajuluchuku1187 4 ай бұрын
its not the mall itself , its the area not spending or advancing. you have amazon for hard to get stuff but the stores have easy to find things.
@Smokeys911
@Smokeys911 5 жыл бұрын
Turn them into activity centers. Bowling, paintball, aquariums, comedy clubs, etc. Such a waste.
@richardmattingly7000
@richardmattingly7000 7 жыл бұрын
Malls were dying well before Amazon because many of the burbs that supported them aged out demographically and stand alone store blocks became the new design for retail. A massive contraction of vendors went hand in hand with their closing as many chains simply ceased to exist as the crowds that they counted on vanished.
@Yeiyn343
@Yeiyn343 7 жыл бұрын
The mall shown is Lincoln mall in Matteson, IL. They just started to demolish it on June 8th, 2017. I was heartbroken. It closed about 3 years ago. I grew up going there :'(
@daringdarius5686
@daringdarius5686 7 жыл бұрын
Didn't realize malls were struggling as much as this video and comment section are claiming. The nearest mall to my place has a food court located about hundred feet from a sears, Abercrombie, and Macy's, and the other two anchor stores (dillards and jc penny) are located on the other side, but they are close to the movie theatre and two other restuarants outside. Most of the people are centered around there and walk between the two places, traveling along and finding all the smaller stores like think geek, gamestop, as well as indoor rock climbing, lunar mini golf, skate place and other attractions they bring in from time to time. That mall has always been thriving, as well as the other one nearby which hosts a more modern approach with 2 easily reachable floors, and, at times, a third floor. They have a Round 1, movie theatre, several restuarants littered around (and not concentrated in2 spots) with both indoors and outdoors attractions. They are always full of people, and while I do see fewer people nowadays inside the bigger more expensive stores, when I go in during holiday season, when a new movie releases, or just when it's a nice day out on a weekend, there are always people walking around, talking, and having fun.
@Maki-00
@Maki-00 7 жыл бұрын
Besides the internet, I also think that lack of variety killed things. Back in the day, you could go into any mall in the country and find pretty much the same stores, JC Penny, Gap, Claire's, Sears, Footlocker, etc. What reason is there to go to a mall across town when the one near you has all of the same stores? There was never a mall that had something special to make you go out of your way to get there. Also redundancy within the individual malls themselves. In high school in the 90s, one popular mall had 7 sneaker stores, 5 sporting goods stores, 4 card shops. Even then, I wondered why there wasn't more variety in types of stores.
@markmurphy9625
@markmurphy9625 7 жыл бұрын
thank you ladies for pointing out to us that which is so simple and obvious that a 10 year old knows why malls are closing ..this was painful to watch
@Major_Mason
@Major_Mason 7 жыл бұрын
Those photos of empty destroyed malls looks chilling o.O!?!?
@Dan-di9jd
@Dan-di9jd 4 жыл бұрын
When I was growing up, malls had a special place. I remember my mom would go shop and I would hit all my favorite stores: Electronic Boutique, Hobby Town, arcade, then the food court. They also had the KB Toy Stores and the discount game rack was a big hit for me, and sometimes I could buy something off there. Usually the food court and arcades like the two top spots. Go in, play some, go grab samples from the Chinese food place, then come back to the arcade. This one mall I went to had a pet shop and I would go in there and look at all the dogs and sometimes buy a little pig ear for my dog back at home. It was fun times. Then around the early 2000s, I just never went back to the mall. I think in the last 10 years, I only recall ever going to the mall maybe once or twice. Personally I think to make malls profitable they need to offer something aside from stores. They need to offer some sort of amusement like arcades or a fun center where you can go in and do stuff with the family. Just having stores a bit boring. I don't really see anything unique anymore. I go in a mall and yeah, I'm like I can buy that same exact item from Amazon or eBay and I don't even look at it or even price compare. I just buy it off Amazon or eBay when I can.
@obsoleteprofessor2034
@obsoleteprofessor2034 7 жыл бұрын
The bottom line is that people got no money! They don't want to tell you because a panic will start. I was on some luxurious property in the Silicon Valley. I and my GF were invited to a summer camp sales pitch. We parked our Subaru amongst the tall redwoods, Ferraris and Teslas. The property owner was trying to get the invitees to commit to sending their kids to Montana to experience (pay to work) a working ranch. As the slides were viewed and the fine champagne was passed around, each invitee responded with "We're still looking at our options.. " or "We're thinking Switzerland perhaps". When they got to me I said "I don't have any money". You should have heard the silent gasp. Later on when I approached the kitchen I heard an invitee tell another that they couldn't afford to run their house a/c. As we left I heard the stern voice from the wife chastising the husband that the party was a bad idea. I didn't hear anyone commit. The drinks were good.
@basillah7650
@basillah7650 5 жыл бұрын
They are closing because too many malls are right next to each other even without the internet they would be closing down due to less money from jobs being moved overseas to China which means the people that would be doing those jobs are all on welfare and people on welfare are more likely to steal than buy due to needing the welfare money for food and rent.
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