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Future of Shopping Malls

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The current and future of Shopping Malls and Big Box Retail Stores

Michele A. Guinn
Northeastern State University

Abstract
Shopping malls and big box stores appear to be less plentiful than they were twenty years ago. Is this a result of e-commerce or a confluence of consolidation? Each of these issues affects consumers and the way we go about our daily shopping activates. We are a society that follows trends, and the mall trend may be changing or just disappearing. This paper will cover were malls came from, where they are now, and what is foretold about the future of shopping malls and big box retailers.

The current and future of Shopping Malls and Big Box Retail Stores
Growing up, malls were a place to spend the day with family and friends while grabbing a bite to eat after getting a new haircut and then off to the arcade to spend a weekly allowance. Today over 400 malls have closed in the U.S. since 2007 and there is even a website devoted to “dead malls” that are out of commission. Big Box retail stores that provide consumers with the combination food/discount stores are not doomed but big box retailers that are “category killers” (toys, electronics, office equipment) are struggling from the effects of technology. Retailers with a smaller footprint will have an upper hand over the next 10 years as big box retailers need to figure out how to take advantage of this trend that is driven by technology, economic conditions, and overall customer wants and needs. Shopping malls that want to survive need to become little community centers that offer many different services besides shopping. Shopping Malls
In the mid 50’s, Victor Gruen created the first mall in Edina, Minnesota called Southdale Center. Victor was not a merchant but a sociologist that believed in creating a centralized community that countered the commonplace of American suburbs. Southdale

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