The feds can try to make a silk purse out of a sow’s ear, but what I see and hear every day tells me those economic statistics are bogus.
Same with the strip malls around here. The only stores replacing them are dollar stores, which should be called "Obama stores." Whaddaya say, Freepers?
Usually, in January at least one mall store closes.”
Two stores in our nearest mall closed this year. One was Coldwater Creek which I was sorry to see leave, although the quality of their merchandise had decreased over the last couple of years and the price increased.
The other one struck me as funny, rather than sad. There has been a huge move underfoot to mobilize Democrat women in our county and the number of Blacks moving to our area from the city have increased which may have helped in their organization. For about three months they had meetings twice a week at one of the restaurants in the mall. Was up at the mall last night and noticed that the restaurant is now closed. Poetic justice?
I recently read an article claiming that investors have supported the building of malls to the extent that there now exists TWICE as many as are going to be needed in the future. If that is true, then the future for at least half of all malls is bleak indeed. Those businesses located in the unneeded malls will not be able to keep the lights on.
You live near a moat?