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Wow, just shocked at the sad state of our economy...

Y

yobarman

Lifer
I went to a Mall today in a suburb around here, and I walk through the Sears, thinking it's odd for it to be so empty on a Friday afternoon. Then I walked through the mall, and my god it was a nice mall, but at least 60-70% of the stores were closed and empty. This made me wonder cause not only are businesses losing money, but there could have been hundreds of people working at these stores. Shouldn't they be opening stores with the holiday season around the corner? Guess not... i asked an empoylee there and he told me that the mall has been going downhill for about 3 years.

I'm interested in persuing a business minor or possibly masters because I hate it when stuff like this happens. How could someone make such a poor financial descision? Could anything have been done about it? It just hurts cause everyones been effected by this entire economic downfall, including my family.
 
I don't know if I'd blame the economy as much as I would just poor business plans. Walmarts don't help much either...but don't blame walmart for that, blame the people that shop there.
 
Where is this? Where I live (Atlanta) there have been a few store closings but new stores and even shopping centers keep opening up.
 
Originally posted by: KK
What do you expect in PA? When was the last time they gained people up there

KK
Click to expand...

not in PA, upstate NY in rochester. Hell, this entire city has been going downhill since i moved up here
 
It's not just the economy killing retail stores... It's the internet

Why should I go to the mall when I can just order my stuff cheaper online?
 
you obviously have a poor handle of how businesses actually work. closing those stores saves the businesses money, because they don't have to maintain a regular staff, stock, rent, etc. to make little, or lose, money.

you're thinking of economics from a political perspective, not from a practical perspective.
 
Originally posted by: RabidMongoose
Maybe it was just a crappy mall.
Click to expand...

It looked like an awesome mall. 2 floors and it was huge. I'm gonna guess that it's failure was due to poor location or bad business decisions.
 
Originally posted by: yobarman
I went to a Mall today in a suburb around here, and I walk through the Sears, thinking it's odd for it to be so empty on a Friday afternoon. Then I walked through the mall, and my god it was a nice mall, but at least 60-70% of the stores were closed and empty. This made me wonder cause not only are businesses losing money, but there could have been hundreds of people working at these stores. Shouldn't they be opening stores with the holiday season around the corner? Guess not... i asked an empoylee there and he told me that the mall has been going downhill for about 3 years.

I'm interested in persuing a business minor or possibly masters because I hate it when stuff like this happens. How could someone make such a poor financial descision? Could anything have been done about it? It just hurts cause everyones been effected by this entire economic downfall, including my family.
Click to expand...

Malls die all the time. Even in booming economies. And our economy is NOT doing all that bad. In fact, we have have had growth for the past year.

Stop believing the doom and gloom you hear on the news and look at the raw numbers.
 
The closest mall to my house, Washington Square, is one of the most profitable in the US (more than $500 revenue per square foot), and is planning major expansions to be completed within the next 2 years.
 
Originally posted by: Amused
Originally posted by: yobarman
I went to a Mall today in a suburb around here, and I walk through the Sears, thinking it's odd for it to be so empty on a Friday afternoon. Then I walked through the mall, and my god it was a nice mall, but at least 60-70% of the stores were closed and empty. This made me wonder cause not only are businesses losing money, but there could have been hundreds of people working at these stores. Shouldn't they be opening stores with the holiday season around the corner? Guess not... i asked an empoylee there and he told me that the mall has been going downhill for about 3 years.

I'm interested in persuing a business minor or possibly masters because I hate it when stuff like this happens. How could someone make such a poor financial descision? Could anything have been done about it? It just hurts cause everyones been effected by this entire economic downfall, including my family.
Click to expand...

Malls die all the time. Even in booming economies. And our economy is NOT doing all that bad. In fact, we have have had growth for the past year.

Stop believing the doom and gloom you hear on the news and look at the raw numbers.
Click to expand...


The raw unemployment numbers here (in Washington state) speak for themselves.
 
Originally posted by: Amorphus
you obviously have a poor handle of how businesses actually work. closing those stores saves the businesses money, because they don't have to maintain a regular staff, stock, rent, etc. to make little, or lose, money.

you're thinking of economics from a political perspective, not from a practical perspective.
Click to expand...

I realize businesses need to close. America has a good handle on when to let go of something when it's not going to work. Just kinda sucks seeing how to see a huge mall go to waste. And i will admit I don't know a lot about business but I'm definately learning as much as i can about it
 
Originally posted by: yobarman
Originally posted by: RabidMongoose
Maybe it was just a crappy mall.
Click to expand...

It looked like an awesome mall. 2 floors and it was huge. I'm gonna guess that it's failure was due to poor location or bad business decisions.
Click to expand...

Then maybe it was an old mall. Maybe the area you're in sucks.

I've seen malls 'die' all of the time. I've even seen a company demolish an old dying mall, remake it, and now it's doing great.
 
Originally posted by: yobarman
Originally posted by: KK What do you expect in PA? When was the last time they gained people up there KK
Click to expand...
not in PA, upstate NY in rochester. Hell, this entire city has been going downhill since i moved up here
Click to expand...
I don't want to be too analytical, but what changed? May be you can help them... move. 😛

 
The real question is whether there are newer malls open nearby. We've had a few malls go under because even more mega-super-duper indoor malls with restaurants and theatre multiplexes have been developed.
 
Originally posted by: cr4zymofo
Originally posted by: yobarman
Originally posted by: KK What do you expect in PA? When was the last time they gained people up there KK
Click to expand...
not in PA, upstate NY in rochester. Hell, this entire city has been going downhill since i moved up here
Click to expand...
I don't want to be too analytical, but what changed? May be you can help them... move. 😛
Click to expand...

haha don't blame me. I only go to college here
 
Originally posted by: BatmanNate

The raw unemployment numbers here (in Washington state) speak for themselves.
Click to expand...

Employment always lags when recovering from a recession. Growth is up, production is up, and federal tax revenue projections are up. Employment will catch up soon.

 
Originally posted by: yobarman
Originally posted by: KK
What do you expect in PA? When was the last time they gained people up there

KK
Click to expand...

not in PA, upstate NY in rochester. Hell, this entire city has been going downhill since i moved up here
Click to expand...

Cause and effect?

😉
 
Malls die all the time. Even in booming economies. And our economy is NOT doing all that bad. In fact, we have have had growth for the past year.

Stop believing the doom and gloom you hear on the news and look at the raw numbers.
Click to expand...

Without jobs, growth is meaningless.
 
That's funny, I live in the middle of BFE and they're are two malls in the works within an hour of here. Hell, a proposed one is 1/4 mile from my house.
 
i love these young doom and gloomers. people who have NO idea what a bad economy is really like.
rolleye.gif


 
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