Real Estate Articles

American Malls Faced With Change or Die | By: Nicolas Zepeda

In case you haven’t noticed, big-box department stores aren’t actually in vogue nowadays and the malls in which they inhabit are feeling some pain.  The British newspaper Daily Mail recently had a story entitled "Change or Die" about America’s malls and their evolving clientele.   Basically these “climate-controlled beacons to American consumerism,” as they Daily Mail calls them, are part of a huge industry-wide transformation that may or may not allow them to survive.  The bottom line; can they save consumers money while still giving them the experience.

The arrival of e-commerce and greater price transparency means malls must compete not only with Amazon for more cost-conscious customers, but with discount chains.

“You’re seeing a whole movement towards any way you can save the customer money, that’s going to make you more viable with the customer…Without high traffic levels, the malls die.”  Said Fred Hurvitz, professor in retail studies at Penn State University’s Smeal College of Business.

Click here to read the full story on the Daily Mail.

Contact Us

New Orleans Real Estate Investors Association
  • (504) 584-4990
  • PO Box 8064
  • Metairie, LA 70011

Proud Chapter of National REIA


Stay updated with New Orleans Real Estate Investors Association.

Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.
Privacy Policy   -   Security Policy

Disclaimer  (New Orleans Real Estate Investors Association) does not give legal, tax, economic, or investment advice. New Orleans REIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   

Copyright 2024 © New Orleans Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.