Friend wife and I were just talking about this phenomenon today. I observed how the atmosphere/ethos/ambiance/clientele of a once-vibrant, “happening” mall changes once the neighborhood where it is situate goes 3rd-world. No one can afford to keep such a place open when the clientele would prefer to be at Dollar General.
What brought it up was that Scottsdale Fashion Square Mall, which has been around for 40 years, just ADDED several stores. There’s a neighborhood that’s not going to go downhill anytime soon. If it ever does, well, “there goes the neighborhood”.
They aren’t skipping the mall for Dollar General in some cities and towns, in many cases they are skipped for amazon.com and such.
” where it is situate goes 3rd-world”
________________________________________________
Well, the Philippines is considered 3rd world, but has some of the largest malls in the world, and they are all thriving.
A new one is going up near Cebu city. It is rumored to be the largest in the country, which also has the 3rd largest in the world. The two largest in Cebu are too big for me to negotiate.