Reviews and Views

The Day the Mall Died

From an article by Anthony Cherniawski…

“Our consumption-driven society is being turned on its head, leaving household names staring down the barrel of bankruptcy.  So many thing we have accepted as ‘absolute givens’ are goint to be stressed to the breaking point.  One of them is the MALL – that icon of consumption itself.  In fact, on April 16, 2009, ‘The MALL’ as we know it actually died.  That was the day Chicago-based General Growth Properties (GGP) – the second-largest mall owner in the United States – filed for bankruptcy in federal court.”

Refer to http://financialsense.com/fsu/editorials/cherniawski/2009/0626.html.

Personal:  Some say our generation will see “ghost malls” across this land – vacant store fronts where retail businesses brought products and services to US consumers but cannot because the profits are no longer there.

July 9, 2009 Posted by Bill Wyler | Economy | Leave a comment