The Rise Of Amazon Has Led To A Split Between Thriving And Struggling Malls
These days, in the country’s most upscale malls, it seems like shoppers are doing everything but perusing apparel. Consumers can play glow-in-the-dark mini golf at Simon Property Group’s Roosevelt Field in Garden City, New York, see a concert at the outdoor plaza at Macerich’s Tysons Corner Center in Virginia and go to the Equinox gym at Unibail-Rodamco-Westfield’s Century City in Los Angeles. That’s a far cry from the malls that bring in lower sales per square foot. For instance, retailers ranging from J.C. Penney to Sears have left Macon Mall in Macon, Georgia, in recent years, leaving the mall with few national apparel chains. Restaurant offerings are also limited: They include Chinese food, a deli and the Ole Times Country Buffet. Read more at CNBC.
