America’s Desperate Mall Owners Turn To Grocers, Doctors & High Schools To Fill Empty Space

Posted: March 7, 2017 in Uncategorized

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Once a shining beacon of American capitalism, malls around the U.S. are failing at an alarming rate due to a combination of shifting consumption patterns, years of underinvestment by mall owners and a spate of retailer bankruptcies over the past 12 months that have left large swaths of once prime real estate empty.

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Once a shining beacon of American capitalism, malls around the U.S. are failing at an alarming rate due to a combination of shifting consumption patterns, years of underinvestment by mall owners and a spate of retailer bankruptcies over the past 12 months that have left large swaths of once prime real estate empty (see “Number Of Distressed US Retailers Highest Since The Great Recession“).

Now, as the vacant square footage grows larger, mall owners are being increasingly forced to turn to non-conventional tenants to fill empty space. Per the Wall Street Journal, the latest target of mall owners is yet another struggling industry, grocers, with everyone from Whole Foods to Kroger looking to snap up square footage at discount prices.

Natick Mall in Natick, Mass., is leasing 194,000 square feet of space vacated by J.C. Penney Co. to upscale grocer Wegmans Food Markets Inc., which is planning…

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Comments
  1. But what gets on my nerves is how the mainstream media portrays the reason for the decline in mall attendance as having to do with more online shopping. Even if there were more online shopping as opposed to shopping at ‘brick and mortar’ stores, would these same mall stores still be closing since many of them do have websites? And so combined with their online sales and foot traffic, you would expect that they would stay in business; a win-win. But nothing doing.

    People are not shopping at malls because they have no money. And it is not just about Amazon taking all the business from malls; that is just a convenient lie to cover the fact that Americans are broke. You cannot buy anything when Americans are spending over 50% of their incomes on housing. You cannot buy anything when Americans are drowning in student loan debt and credit card debt. You cannot buy anything when you have medical bills out the wazoo. They can spin this mess any way they like, but the bottom line is Americans do not have the money to wander through malls at leisure and walk out the doors, laden with packages. People are even shopping for apparel at thrift stores and consignment shops. You can hardly get through the doors of those businesses because they are full. And the only other stores that are doing a booming business are liquor stores and grocery stores because people tend to try and drink themselves numb and they need to eat and believe me, what they cannot purchase at the grocery store, they are supplementing it at the food shelf.

    • futuret says:

      I AM A GOODWILL LADY MYSELF.

      • I do not shop at Goodwill because they hire disabled workers and pay them as little as 22 cents an hour because the claim is that the disabled are not ‘whole’ workers and so therefore, deserve less.

        https://thinkprogress.org/goodwill-pays-disabled-workers-as-little-as-22-cents-per-hour-48bc994864e0#.wzp1qiipv

        I shop at mom-n-pop thrift stores and consignment shops. There are many neighborhood gems that don’t take advantage of the disabled and other poor souls.

        • futuret says:

          IT IS NOT THE SAME WHERE I LIVE, THAT IS THE ONLY POSITIVE THING I CAN SAY ABOUT SANDY SPRINGS, GA. I ALSO GET CLOTHING VOUCHERS EVERY SIX MONTHS FROM A PANTRY THAT IS LOCATED HERE.

          • Well, I am glad that you are able to get a little help. People are having a hard time of it and every bit helps!

            • futuret says:

              JUST THIS PAST MONTH, WE HAVE HAD SOME CHURCHES HELP US; WITH THE LITTLE HELP THAT I DO GET, I SHALL NOT APPEAR ON VOGUE OR GLAMOUR MAGAZINE. THERE IS A STRUGGLE HERE IN THE STATE OF GEORGIA AND TODAY WE HAVE HAD A MASS OF REFUGEES BECOME CITIZENS IN THE GEORGIA DOME, WHICH MEANS COMPETITION FOR JOBS ARE GOING TO BECOME GRAVE. THEY DO HAVE SHOVELS READY FOR OUR GRAVES.

              • Also there is that competition for housing and the refugees get first dibs at housing vouchers. That is what was happening in Minnesota. They would bring the Somalis over here and even though taxpaying American citizens were on waiting lists dating back 6+ years, the Somalis were given the housing vouchers while the American citizens were told to find a box and locate a bridge. I kid you not!

    • People have no money, Shelby. You sure have that right. Which is all down to “austerity” public service cuts and wage cuts, which amount to a deliberate shrinkage of the money supply. I think it’s pretty clear that the Wall Street elite are deliberately impoverishing the American people as a form of “labor discipline.” If they can force workers to work for minimum wage (and far less in our prisons) they will have no need to operate their factories overseas in third world sweatshops.

      • futuret says:

        IF ANYONE NEEDS A COMMERCIAL SPACE TO RENT, WE HAVE PLENTY HERE IN SANDY SPRINGS, GA USA. YOU CAN REALLY HAVE YOUR PICK. THEY ARE STILL BUILDING AND BUILDING, BUT HOW LONG THAT IS GOING TO LAST, NO ONE KNOWS. I THINK WE ARE TRYING TO KEEP UP WITH THE UPPER LEAGUES, BUT SOMEHOW WITH US POOR FOLKS HERE, I REALLY DO NOT THINK WE ARE GOING TO MAKE THE MARK. A MALL CLOSE TO US HERE, RE-DECORATED, AND IT LOOKS UGLY. IT DOES NOT LOOKS LIKE THE MATERIALS THEY USED ARE GOING TO LAST ANYTIME EITHER.

  2. People have enough stuff. The malls are mainly now used for overweight people to graze out of polystyrene boxes in food malls.
    Consumption is dying in the west. It could be the start of a new beginning. Like a society that cares about each other.

    • futuret says:

      THE NEXT TARGET FOR TERRORISTS WORLDWIDE WILL BE THE MALLS. ALSO, OVER THE TOP SECURITY, WILL WANT PEOPLE TO GO TO STRIP MALLS OR CREATE SOMETHING ELSE. I DO AGREE, THAT PEOPLE SHOULD CARE MORE FOR EACH OTHER THAN ENTERTAINMENT.

    • I agree, Gerard. The malls have always symbolized the epitome of consumption – and hoping that era is over in the west.

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