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-   -   Is your local mall on the list? (https://gfy.com/showthread.php?t=868664)

RTP 11-11-2008 10:00 PM

Is your local mall on the list?
 
Looks like a mall operator is about to BK (locations here http://www.ggp.com/Properties/MallDirectory.aspx) and sell some properties to raise capital...

"You can keep a mall open with 60-70% [store] occupancy," Friedman said. "But if it falls to below 40%, then the weakest malls could be forced to close. We are in a real retail tsunami right now"

I went today to get some holiday shopping done today and looks like foot traffic is down 50-75% from same time last year...went to dinner at a commercial chain and there were 2 servers in the entire place (maybe 40+ tables) and one other couple eating at 6PM

At least service was good


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