Nordstrom to target struggling malls when considering closures as JC Penney, Macy's axe stores

[Xolodno]

26. Amazon is the scapegoat.

Sure, it is responsible for some of the declining sales. But its not the death knell. These companies are just blaming a competitor that managed to catch on to technology while they stuck there heads in the sand. Makes for a better sound bite when you tell people your jobs are gone.

Income inequality is the cause of death of the mall. I work in an affluent area and the mall there is thriving...I go past a mall in an area that obviously has people whose incomes have not kept up...and the mall shows it.

Then of course, malls have been over saturated in some areas, a developer would just mention they might consider a mall in the area and every city in the area would sell themselves into slavery.

Then some downtown's found a way to fight back, and good for them, through urban renewal projects that brought foot traffic back.