As industries change, as technologies change so that industries have to, there’s often an awful lot of whistling in the wind among those who don’t want to have to admit that the world is changing against their interests. And so it is among people talking about shopping malls in the US. I’ve seen very much the same thing in my native Britain when people start to talk about the death of the “High Street” (what might be called “downtown” in an American shopping sense). When I point out that 12% or so of the stores on said High Street are vacant, 12 % or so of retail spending is nnow online, there’s always a desire to explain that it’s just not that simple, that something else is going on.
No, very little else is going on. More retail spending is moving online thus we need and desire (or, more importantly,