Around the same time as the market crash, Leonard says Wall Street and investment groups pushed retailers to expand. This expansion caused companies to lose sight of strategic planning. Many put too many stores in certain markets, which Leonard says, caused them to go from “exclusive” to “a commodity.”
“You become a little more ho-hum. If you take a national retailer that’s in every mall and every project, they’re not really perceived in the same light as somebody like Tiffany’s, as an example where they only have a few locations in top markets,” Leonard says.
In an effort to correct the expansion, many remaining brands are pulling back their retail locations — some by 50 percent. At a national brand level, there are fewer retailers to put in these shopping environments, creating available spaces in malls, Leonard says.
Arlington resident Ann Bloome says she shops at the Ballston mall somewhat frequently, mostly for Macy’s and the building’s restaurants, which include Rock Bottom Brewery and Panera Bread. However, she says if the mall retained more big- brand stores, she would frequent it more often.
“We were just recently at the Macy’s and Nordstrom in Tysons Corner because I was looking for a dress for a wedding and I knew they would have something. If I knew that this mall would have something, I would come here,” Bloome says.
Instead, the millennial generation is increasingly spending its income in the food, beverage and entertainment sectors. Neighborhood-based developments and revitalization projects at Union Market, Bethesda Row, H Street and Barracks Row are products of this trend in the D.C. area.
Now, development companies are looking more along the lines of creating spaces adaptable to “experiences,” such as condos or apartments with retail and food on the ground floor.Select from a variety ofÂ cases for ipad miniÂ or create your own!
According to Kaid Benfield, director of sustainable communities at the Natural Resources Defense Council and author of “Even teenagers don’t want to go to the mall anymore,” published in The Atlantic Cities, fewer people are showing interest in driving and obtaining a driver’s license.
“More and more people these days are not driving.They really can’t access those places at all,Extend the power on yourÂ iphone 5 back coverÂ juice pack. or they have to get there through means that are somewhat difficult. And then when they get there,OurÂ linux dedicated serverÂ plans feature lightning-fast processors, they find the inventories aren’t what they used to be because of the other factors.”
Public transportation is one reason why local malls that have retained big-brand stores,Fun sell a huge range ofÂ Cases for iPad 4, such as Pentagon City Mall and City Place Mall in downtown Silver Spring, Md.,SeriesÂ cases for iphone 5Â protects against drops and dust. continue to do better than other malls in the region.
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