Read the article about Staples, Strip Malls are becoming extinct
Front page of Yahoo Finance news.
I thought this would happen, the big malls are destinations and the small malls have hair dressers, dentists and pizza, chinese food etc but are not destinations and the web is making it hard for retailers.
Geez, that's ironic, I just read that the opposite is true. Outdoor "malls" are the wave of the future and there are growth numbers to back it up. Much lower total costs and taxes than "put up a parking lot".... ooh, oh la, la la...
I suspect you are thinking of "big box" malls, which have been something of a growth item over the last decade. They aren't strip malls in the sense that there's a sidewalk running along the front of a set of stores and they aren't indoor malls (enclosed). They are often pretty pretty spread out such that people drive between the "big box" stores.
So what else is new?
Just like with Taberna, RAS is buying in just in time to see the biggest price decrease in a long while.
If mgt. had their collective heads any farther up their excretory canals, they would be cheek-to-cheek with Foulger, in a very dark and foul(ger)-smelling place.
RAS doesn't have much in the way of strip malls (it may not have any). The article was not about RAS or anything it was buying.
That said, it's also pretty easy to name strip malls that are thriving. Indeed, I see lots of them in suburban New York. Supermarkets aren't going away. Drug stores continue to thrive. Neighborhood restaurants aren't being displaced by the Internet. Neither are barbers or hairdressers. Staples has its problems. Not all of them are the Internet.