Problem is, these businesses are closing because they are not making money there. If a bunch of business we are closing, it means that the mall is dying. Opening up new store is just a bad idea as they will have the same issues. Rent is likely way too high, and mall attendance is way too low.
Unless you have something that will be a big draw for people, it is likely a bad bet. Cofee shops and such are there to serve people shopping in other stores. If foot traffic is down, it won’t work out well.
To provide more context, over half the mall is empty at this point, it’s been a trend. Just over the last month three places closed, so it feels like it’s been accelerating. There are several retail outlets that I’m almost certain are about to close like Foot Locker.
I think the only way it would work is if I got an amazing lease deal cheap, and was able to get a spot near one of the entrances. A bit of a far fetched idea, but it makes sense to me, especially because the only reason I visit it is because there’s an electric vehicle charger near by. With EV sales growing, and demand for charging infrastructure, it could bring more foot traffic. The thing is to avoid doing anything that someone can just get on Amazon or at Walmart.
![A mall in my area just had the furniture store close [OC]](https://lemmy.world/pictrs/image/2b6301a4-ad5e-469c-be1b-0646d60cc269.jpeg){kind=link}
Problem is, these businesses are closing because they are not making money there. If a bunch of business we are closing, it means that the mall is dying. Opening up new store is just a bad idea as they will have the same issues. Rent is likely way too high, and mall attendance is way too low.
Unless you have something that will be a big draw for people, it is likely a bad bet. Cofee shops and such are there to serve people shopping in other stores. If foot traffic is down, it won’t work out well.
It’s a single business that closed down, and we don’t really know the reason
To provide more context, over half the mall is empty at this point, it’s been a trend. Just over the last month three places closed, so it feels like it’s been accelerating. There are several retail outlets that I’m almost certain are about to close like Foot Locker.
I think the only way it would work is if I got an amazing lease deal cheap, and was able to get a spot near one of the entrances. A bit of a far fetched idea, but it makes sense to me, especially because the only reason I visit it is because there’s an electric vehicle charger near by. With EV sales growing, and demand for charging infrastructure, it could bring more foot traffic. The thing is to avoid doing anything that someone can just get on Amazon or at Walmart.