Comments by "" (@davinp) on "PolyMatter" channel.

  1. Good point. Most malls are not owned by person but by a company. My local mall is owned by Simons. It was originally developed by the Mills Corporation and Simon acquired most of the Mills malls after the Mills Corporation went bankrupt. The mall was the first in the Mills Corporation's chain of shopping malls, and has over 225 retailers and an 18-screen AMC movie theater,
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  2. Across the country, many malls are dead or dying. But there are still malls that are thriving. No new mall has been built since 2009. When a mall loses an anchor store, that can hurt that mall. The main reason Sears and Kmart are struggling is that they haven't modernized their stores or kept up to date with technology. One big factor that determines whether a mall will succeed is its location. It needs to be in a location that has a big population, low crime and no other malls or similar stores nearby. In 1993, my local mall was said to be Virginia's top tourist destination. The mall is still doing well today with 200+ stores. I was relieved that JCPenny did not close its store here this year. This being said, I don't think the American Shopping Mall will go completely extinct.
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  3. My local mall in Virginia is the Potomac Maills Mall which is similar to Graveine Mills Mall. Potomac Mills Mall was the first in the Mills Corporation's chain of shopping malls, and has over 225 retailers and an 18-screen AMC movie theater. It is now a Simon mall. In 1993 it was said to be the state's top tourist destination.
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