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Simon Property Group Inc. Message Board

  • boiler_room_bermuda boiler_room_bermuda Jan 28, 2014 9:29 AM Flag

    2013 worst Christmas Ever for many retailers

    It's just an exclamation point on the rot that is....malls. White elephants of 20th century glutony, and debt fueled consumption. Hey...maybe Macys and Ethan Allen will save you clowns ? NOT!

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    • Yeah, but wasn't bad for their landlords.

    • Malls are here to stay! internet sales are sight unseen products...high shipping costs...damage in transit and the like. When they get to adding the sales tax to internet sales...that plus the shipping and handling will make the malls equally competitive pricewise. Internet sales are but 30% of all sales. Sales I general are down because so much of the spendable dollars people have are going into their gas tanks. Few salary increases due to an abundance of available people and a #$%$ economy in general all add up. Don't fall for the "brick and mortar hype...they are here to stay!

      Sentiment: Hold

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