The malls, the place where you could get about anything you wanted, be it food, clothes, shoes anything. The main stay of these establishments were the anchor stores to support the traffic to the malls. The JCPenney's, Sears, Macy's Kohl's etc..........
Well, unfortunately this to will be an ancient dinosaur. Th anchors stores are facing their own financial crisis. They became to complacent with the way of doing business. The montra may have been, if its not broken, why fix it. Not taking into consideration the changing generation and how they like to see things, These same stores were the success of retail back in the day but now they've become boring and uninteresting.
The younger generation want a hands on approach to things. I saw the apple store in a mall and they were packed to the gills. Their concept brought the traffic in, and maybe some bought an apple product but at least some went in for curiosity but just think of i, a great way to promote their products and hopefully a second visit they'll buy.
The decline of the anchor stores and ultimately the decline and maybe collapse of the Mall as we remember it.
But don't fear!, there is always hope. Allow the malls to be a haven for new foods from around the world, convert storefront to small cafe style eating establishments, offer portable kiosk on main floor in the middle to small business entrepreneurs offering home made items or exotic foods, offer food exhibits, cooking classes, health seminars but do not allow the big food fast food to come in. It will be the same old food. Nothing will change. They would discount competition because of name recognition. No No No.
Include grocery stores or large established ethnic supermarkets like H Mart (Korean Supermarket in Catonsville, MD) offering fresh vegetables, fruits and fresh seafood.
Kids center for entertainment or cooking classes for kids can be created. They are our future, so why not teach them or gt them involved in eating healthy and cooking healthy.
The mall would be an adventure to see whats new in food trends, take home a delicious meal for lunch or dinner.
There is now a Japanese fast food that uses a conveyor to present various foods, you look and just grab it.
Everyone loves to eat RIGHT! How can it not be a win win situation for the property management team, the merchants getting pedestrian traffic, reasonable prices and most importantly, fresh food.
The criteria can be set to price meals no more than 10 bucks.
Think of how much small biz merchants would save versus opening their own brick and mortar store. Huge savings.
But you'll know the Mcdonalds of the world will try to invade by offering larger leases with huge square footage. But do we really want that?