HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Holiday shopping is down,...

Sat Dec 29, 2012, 11:04 AM

Holiday shopping is down, mall blight is up

from Grist:

Holiday shopping is down, mall blight is up
By Susie Cagle

It seems a lot of Americans shifted the gift this holiday season. Early reports from retailers indicate this may well be the least shop-happy winter since the apocalyptic recession Christmas of 2008. And climate change sure isn’t helping.

Reuters reports:

Shares of retailers dropped sharply on Wednesday, helping drag broader indexes lower, as investors realized they were likely to be disappointed when companies start to report results in a few weeks’ time.

“The broad brush was Christmas wasn’t all that merry for retailers, and you have to ask what those margins look like if the top line didn’t meet their expectations,” said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group.

Growth was always expected to slow this season, though an improving employment picture and rising home values had helped mitigate the worst fears. But then Superstorm Sandy hit the East Coast in late October, mild weather blunted sales of winter clothing and rising concern about the “fiscal cliff” became more of a reality, dragging down already-pessimistic forecasts.

(T-minus how long until someone rebrands swimsuits as a great climate collapse fashion choice?)

Stores stand to scoop up nearly a third of their annual sales over the holiday season, so this drop could be significant — but could it be enough to push us closer to a more lasting shifting of the gifts?

Sales may be down on the whole, but they’re also moving from the brick and mortar world to the digital, leaving us with empty, useless retail spaces and dead, blighted malls from coast to coast. According to Atlantic Cities, shopping mall vacancy rates are now hovering around twice what they were 10 years ago. The head of a leading commercial real estate firm said of these ghost malls, “I don’t think we’re overbuilt, I think we’re under-demolished.” .................(more)

The complete piece is at: http://grist.org/news/holiday-shopping-is-down-mall-blight-is-up/

5 replies, 1344 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply Holiday shopping is down, mall blight is up (Original post)
marmar Dec 2012 OP
magical thyme Dec 2012 #1
tabbycat31 Dec 2012 #4
lpbk2713 Dec 2012 #2
Nay Dec 2012 #3
leftstreet Dec 2012 #5

Response to marmar (Original post)

Sat Dec 29, 2012, 12:03 PM

1. and yet my local animal shelter held their annual "12 Strays of Christmas" specials


and 15 of their 31 resident cats found new homes in a single day.

I lost my shelter kitty, Pollyanna, to age and liver disease on Christmas Day.

The day after, I headed to the shelter to donate her remaining cat food. There at 2pm, I found a jammed parking lot. Inside, I found the staff ecstatic that since they'd opened at 11 that morning, they'd found homes for 12 kitties.

I left with gratitude for the food and compliments that Polly, who'd come to me after a year at the shelter as the most unwanted kitty due to her plain face, angry wail and liver disease, had lived 7 years of nonstop purring, despite her illness. Oh, I also left with kitty #13 in the carrier I had brought along 'just in case.'

And while we were rounding up kitty #13, who was the current most unwanted kitty, just shy of a full year at the shelter (despite her beautiful pure gold eyes and dilute calico coat) due to her diffident and aloof nature, a small family was looking for kitty #14 (an always hard to adopt black kitty).

As I stepped out the door, a lovely young woman was walking up the stairs carrying a carrier. I asked if she was coming to adopt a kitty. She positively beamed, "Yes!"

In other adoption holiday news, the young woman who sits across from me at my new job brought home a homeless, family-less 16 year old boy to live with her. He was about to be thrown out of the shelter on Christmas Eve. Instead, last weekend they discussed him possibly staying with her. She advised him there would be rules and consequences if he broke them. And found herself reassuring him that no, he would not be sent back to the shelter for breaking rules. He asked if he stayed with her if he could call her "mom."

It seems that at least some people have figured out that the gift of love is worth far, far more than all the cheap, slave-made, plastic junk in the world.

Reply to this post

Back to top Alert abuse Link here Permalink

Response to magical thyme (Reply #1)

Sat Dec 29, 2012, 01:05 PM

4. my local SPCA has a store in the mall

They took over the local pet store and it's now a remote adoption center.

Reply to this post

Back to top Alert abuse Link here Permalink

Response to marmar (Original post)

Sat Dec 29, 2012, 12:12 PM

2. I haven't been to my local malls in 10 - 12 years.

I went to the Sears store once a couple of years ago but didn't go inside the mall. And I left empty handed too, BTW. I guess it's just that I know where to get what I need at better prices elsewhere. Oh, and I never did trust the food in the food court much either.

Reply to this post

Back to top Alert abuse Link here Permalink

Response to marmar (Original post)

Sat Dec 29, 2012, 12:15 PM

3. IOW, "the chickens come home to roost." They rob us of jobs, slash our pay, raise prices,

make us fear for the jobs we DO have, and they wonder why we're not out spending money? Seems like a no-brainer to me.

Reply to this post

Back to top Alert abuse Link here Permalink

Response to Nay (Reply #3)

Sat Dec 29, 2012, 01:16 PM

5. +1

That they actually have to hire people to 'study' this is ironic

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread