If the numbers are any indication shopping malls in the United States are becoming extinct. According to Green Street Advisers, a real estate and REIT analytic firm 15% of US malls will fail and be converted into non-retail space in the next ten years. In 15 - 20 years retail consultants say that as many as half of the current malls in this country will fail...unless your anchor is a very upscale store.
With that kind of future one would think malls would be trying to find a way to offer a kind and welcoming face to the public. One would think.
Last year Merle Hay Mall became the first to demand that the Des Moines Area Regional Transit Authority (DART) move their bus stop off their property. DART says they tried to negotiate something with mall owners but, in the end failed. (They tell me they are still open for negotiation.)
Then last week management at Valley West Mall in West Des Moines sent a letter to DART telling them they would have to move their bus stop off mall property. In a Des Moines Register piece this past weekend mall management, I suspect Paul Stender, says the current bus stop has "overwhelmed the retail center with buses and riders". DART has told me they continue to reach out to Valley West Mall to compromise.
Internal statistics from DART suggest that 75% of the riders to Valley West Mall are employees or shoppers and 25% are seeking to transfer to a different bus.
But, the mall is "overwhelmed".
Here, in all its glory is exactly the wrong way to brand...anything. Get into a very public pissing match with an agency that serves, often, handicapped individuals, poor folks who can't afford a car and employees who are stuck at a retail minimum wage jobs.
Nice going...and now, on Facebook, there is an ever growing number of people who are offering to ease the crowding at Valley West Mall through a boycott.
Let's return to the first paragraph. Malls are in enough trouble and, for the life of me, I can't understand why they would wish to hurry their demise. One of my favorite stores is Von Maur. How favorite? When I pull out my Petersen Harned & Von Maur credit card I got back in 1982 employees tend to oooh and ahhh and say, "My, you have been with us for a very long time". I suspect, if I want to continue shopping there, it may have to be on-line. On-line shopping....the other reason malls are floundering.
Thanks for reading.