Walk through most of the malls in the U.S. and it is easy to see signs of the recession. There are fewer shoppers, and in every direction, reduced sales and thrifty consumers. Some stores have gone out of business resulting in lease spaces in the malls. Not all the region’s malls and shopping centers are feeling the pain of a down economy; but all of them are coping, in some way, with nationwide retail sales that have dropped now for five consecutive months. The recession has turned anchor stores into dead weight, and could mean the very concept of the modern mall has to be re-thought, said C. Britt Beemer, head of a retail analysis and consulting firm in Charleston, S.C. With the economy being in the state it is, more people are buying only necessities not wants, with the concern of maybe being laid off. Not only the are the retailer hurting but the actual shopping centers also.
http://www.scrantontimes.com/articles/2009/03/29/news/sc_times_trib.20090329.o.pg35.ttolmalls_s1.2354695_loc.txt
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