In my business life, I’m a real estate guy (lawyer and own a title company). I also publish a weekly real estate newsletter. I have been positing for the past years that the mall is dead, it’s just that no one has told it yet. Honestly, the only reason most people go to malls in my area now is to visit the Apple Store.
Apple could deliver the “finish him” Mortal Kombat blow with one simple announcement: “As our leases expire, we will be moving Apple Stores out of malls and into downtown shopping districts.” And not just major urban shopping centers (NYC, SF, Chicago, etc.). But “suburban” downtown shopping areas. Walkable shopping areas.
This would entirely change the view of walkability, downtowns, and finally (once and for all) kill the regionals shopping center. Because at most malls, Apple IS the anchor store, regardless of its size and location within the mall. Side benefit: It would also finally kill Macy’s. Why does Macy’s exist, can anyone explain that to me?