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WSJ posted an article this week titled "Recession Turns Malls Into Ghost Towns ". Quoting from this ..."With their maze of walkways and fast-food courts, malls have long been an iconic, if sometimes unsightly, presence in the American retail landscape. A few were made famous by their sheer size, others for the range of shopping and social diversions they provided.
But the long recession is helping to empty out the promenades.
Some analysts estimate that the number of so-called "dead malls" -- centers debilitated by anemic sales and high vacancy rates -- will swell to more than 100 by the end of this year...
Now my blog always tries to compare and contrast the developed countries vs the developing countries, and hope they don't commit the same blunders in the name of progress and development. So let's go to the otherside of the world, to India where the headlines scream ..
India :
- 328 new malls by 2010: retail report - LiveMint.com ;
- Are luxury brands, malls future of Indian economy? - Economic times, India
- India's Mania for Malls - Time
Related Posts & Links
"how US got malled" - look back at the American Mall's rise to prominence and recent woes from 1950's to present day.Malls R US documentary trailer
Groceteria - a history of the American supermarket, from both an architectural and a business perspective.
India's shopping as it still exists in most parts of India until the recent mall mania took over ...
A glimpse of current Malls already open in India's cities
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