22 March 2017 / 21:07 UTC-07 Tango 06 (03 Farvardin 1396/24 Jumada t-Tania 1438/26 Gui Mao 4715)
The struggling to come back from the dead (under new management) Pine Ridge Mall in Chubbuck, and the Grand Teton Mall in Idaho Falls, and Boise Towne Square mall in Boise, and in Coeur d’Alene, and in Twin Falls, all losing yet another national/regional tenant; women’s clothier Vanity.
Vanity is now bankrupt dead and shutting down all 137 stores across 27 U.S. states.
Statements by Vanity admin, and so called retail experts, both blamed internet sales for the demise of local malls, but I’ve been witness to the decline of brick-n-mortar retail long before internet shopping skyrocketed, and have documented the decline of Chubbuck’s Pine Ridge Mall (a former employer of mine) on BlindBatNews.
When I worked for Pine Ridge Mall, under the original owner J. Price and then under GGP (General Growth Properties), surveys were constantly taken of mall shoppers as to what stores they wanted to see in the mall. The overwhelmingly consistent number one response was “more clothing stores”, specifically more “women’s” clothing stores! Idiots! At that time more than half the mall was filled with stores selling women’s clothing or accessories!
Even today, Pine Ridge Mall with less than half of available spaces filled (within the original mall location) still consists mainly of women’s clothing retailers! And that’s the true cause of the death spiral of women’s brick-n-mortar stores; there are too many of them selling the same ugly ‘shit’ for way too much dollars (even with their fake discounted pricing, yeah every friggin’ week that I worked at Pine Ridge Mall, JCPenney would have a huge sale on clothing, the result was after a while nobody but an idiot would shop there during the work-week ’cause they knew prices would drop for the weekend)!
Even when my daughters were in high school they hated shopping at brick-n-mortar stores for clothes “because the clothes suck!” What is really driving people to shop on the internet, for clothing, is true variety in style and pricing of clothing. So whose really to blame for the death spiral? The corporate weenie heads who run those brick-n-mortar clothing stores!
OBAMA LEGACY: U.S. APPAREL INDUSTRY DEATH-SPIRAL
Sears Kmart Death Spiral: “substantial doubt exists related to the company’s ability to continue”
U.S. retail/banking/service sector collapse, January 2017: “I DON’T SLEEP AT NIGHT, IT’S KILLING ME” MASSIVE MACY’S MELTDOWN?
MORE ECONOMIC DECLINE: WHO IS THE NEW OWNER OF CHUBBUCK’S PINE RIDGE MALL?
REIT PLAN TO CHANGE THE WAY YOU SHOP, AND THEY BLAME YOU THE SHOPPER!