Shopping malls were previously the epicenter of America’s towns, but modern technology, overnight shipping and the COVID pandemic have given many once-thriving retail locations the dreaded 'dead mall' moniker.
It wasn’t long ago that shopping malls were the epicenter of America’s towns, with teenagers flocking to hang out at the same place where their mothers could purchase a new blouse. But modern technology, overnight shipping and the COVID pandemic have given many once-thriving retail locations the dreaded "dead mall" moniker — unless they can quickly adapt.
recently published a video noting that malls survived the "slow death of department stores" by adding things like grocery stores, gyms, and ice skating rinks. Faeth said other once-significant malls, such as Opry Mills in Nashville, Tennessee, and Sawgrass Mills in South Florida, used to have a similar strategy but have since stopped investing in new ways to draw customers. "Now they’re getting hammered because of it," Faeth said.
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