SOM: Save Our Malls
It's an oddity if you haven't 'cut back' in the last few months. You can't open a newspaper without another analysis of how something is affected by the economy. Zoos. Camps. And, today's article on MSN, malls.
It's an absolute disaster," said Howard Davidowitz, the chairman of Davidowitz & Associates, a national retail consulting and investment banking firm. "What a mall represents is discretionary spending, and discretionary spending is in a depression."
The article talks about the bankruptcies of multiple large stores, and also about multiple stores that have announced closures. Macys is one of the companies that will be closing stores nationwide.
Where do you shop? Have you found anywhere that continues to thrive, in spite of the recession?