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Thread: What is to be the fate of thousands of shopping malls in the USA?

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    Scotland Avalon Member scotslad's Avatar
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    Default What is to be the fate of thousands of shopping malls in the USA?



    Prior to the covid pandemic, many large shopping malls have closed across the USA, and many since.

    What is to be their fate?

    Amazon is said to be considering taking over JC Penney and Sears Stores to turn them into large fulfillment centres? Both Organisations have filed for Bankruptcy and Amazon is said to be in talks with Simon Property Group, America's biggest mall owner, to turn empty retail space into Amazon warehouses that process and ship online orders, The Wall Street Journal reported on Sunday.

    In 2017, there were approximately 116,000 shopping malls spread across the United States.

    Yet, in 2020 its estimated that 25000+ retail stores, mostly malls will close.

    https://www.bloomberg.com/news/ /2020-06-09/as-many-as-25-000-u-s-stores-may-close-in-2020-mostly-in-malls

    Is this going to present a big expansion opportunity for Amazon to tighten its grips and claws in the consumer and control supply chains, choice and pricing of goods (and now services)?

    https://www.businessinsider.com/amer...-photos-2018-1

    What if..

    ...they could they be turned into shelters for homeless people or other good humanitarian or positive community projects?

    Curious to your thoughts...
    Last edited by scotslad; 11th August 2020 at 11:37.

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    Default Re: What is to be the fate of thousands of shopping malls in the USA?

    As Katherine Austin Fitts said the paradigm shift of commerce will have winners and losers, its an evolution in shopping , on line vs box stores. Some stores like home depot , small hardware stores, drug stores and grocery stores will make it thru the shift, but many will have to reinvent themselves or go away. As the late Jack Welch said from GE, if your not working on your next product while doing your regular business you will not make it.

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    Canada Avalon Member TomKat's Avatar
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    Default Re: What is to be the fate of thousands of shopping malls in the USA?

    Quote Posted by pyrangello (here)
    As the late Jack Welch said from GE, if your not working on your next product while doing your regular business you will not make it.
    GE is a good example of a company that might not make it. Jack Welch surfed the financialization wave to astounding growth, then wiped out, landing back where he started. He's being whipped by demons as we speak, wondering what happened to his lavish lifestyle. :-)

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    Avalon Member Star Mariner's Avatar
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    Default Re: What is to be the fate of thousands of shopping malls in the USA?

    Quote What is to be the fate of thousands of shopping malls in the USA?
    Fema camps?



    A year ago that would be a joke. Today.........?
    "When the power of love overcomes the love of power the world will know peace."
    ~ Jimi Hendrix

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    Scotland Avalon Member scotslad's Avatar
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    Default Re: What is to be the fate of thousands of shopping malls in the USA?

    Quote Fema camps?
    I asked that originally as i wrote the post then took it out. Great minds n all that

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