Pursuits
The Whole 'Malls Are Dying' Thing Is Getting Old, Say Mall CEOs
- Clothing stores now occupy less space in shopping centers
- Malls are mixing it up by adding grocery stores, doctors
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Traditional retailers, whose obituaries have been started and scrapped for years, are on the critical list again, with stores shuttering and e-commerce giants like Amazon.com Inc. in ascendance.
Executives say put the death notices away, at least for one category. Malls aren’t going extinct -- they’re changing, sometimes by healthy natural selection. While store closures are painful, often they represent a Darwinian moment, allowing a shopping center to refresh its mix by adding a grocery market or an Apple store.