Wolfgang Grulke The Guardian comments on this topic today...

In an article by John Harris: "Westfield's kind of capitalism is not nimble and quick to react, but based on decade-long developments. Its west London centre arrives in the midst of nightmarish times for the retail trade...sales are slipping week by week..."

Read more here... "How can growing number of giant malls survive?" http://www.guardian.co.uk/business/2008/oct/24/retail-recession-westfield
Posted: 24 October 2008 at 10:38

Wolfgang Grulke Westfield deserted?

The UK Evening Standard ran a scary piece on the state-of-play of London's Westfield mega-mall...

"It took 8500 workers and 1.7 billion Pounds to build. Yet just five menoths after it openbed, visitors are down by 40%, eight businesses have shut, 20 remain unopened and hasn't sold a thing in six days..."

The picture showing a deserted mega-mall says it all!

Here is the full story link http://www.thisislondon.co.uk/standard/article-23664714-details/Can+Westfield+beat+the+crunch/article.do
Posted: 23 March 2009 at 11:58

Doug Vining Malls are not dead - yet

Ten years ago (yes a decade!) we published this MindBullet about the changing future of shopping malls. Here's a report on the decline and transformation in US malls, and it's not over yet. According to this report, about one third of US malls need to close, and many need to transform, but "A" class malls are still very valuable.
A FuturesForum post (titled: "Malls are not dead - yet") refers to this MindBullet. The full FuturesForum post can be read here: http://www.futureworld.org/PublicZone/FuturesForum/BlogDetails.aspx?PostID=b410ddf9-41c7-4ae1-9f1a-e6f0e10e4544
Posted: 17 May 2018 at 13:01
Comments by users of MindBullets are those of the authors and are not necessarily shared, endorsed and/or warranted by FutureWorld. All MindBullet content is Copyright FutureWorld International © 2019. All Rights Reserved.