Monday, July 23, 2018

Can New Jersey's Dying Malls Be Saved?

Can New Jersey's Dying Malls Be Saved?



...New Jersey’s Postsuburban Economy, traces part of the problem to the transformation of department stores, which have long served malls as anchors—large stores expected to draw lots of shoppers. “Fifty years ago they were multifunctional,” Hughes says of department stores. “They sold household goods, furniture, apparel. Over time, though, they narrowed themselves to mostly apparel—and apparel is the largest online sector in absolute terms.”



...Dave & Buster’s, the restaurant-cum-play-space, is moving into vacancies...



...75 percent of the company’s newest leases represent “the new mall experience,” including health and wellness, dining and entertainment.



...walkable, with a residential/retail mix and a range of amenities, from entertainment to medical care

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