Monday, Nov 24, 2008
As businesses in shopping centers close, decreased foot traffic threatens the survivors
Las Vegas Sun: Struggling to hang on
Without close inspection, you could chalk up the receding monthly sales at the Maui Wowi smoothie shop to cooling temperatures. But slumping sales began in April. You could argue that fewer people today can afford a $4 or $6 smoothie. But Maui Wowi also sells 99-cent coffee.
Co-owner Paul Goldberg has a different theory: declining foot traffic at Spanish Trail Business Park, on Rainbow Boulevard near Tropicana Avenue.
And it doesn’t help that most of the new office suites in the rear of the complex still don’t have tenants — another source of smoothie and spa customers.
Posted by mark @ 12:22 PM (327 views) Add Comment
4 Comments
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1. malct said...
Mark, I was in Swindon town centre yesterday - what a mess.
The huge House of Fraser attached to the main shopping mall had closed on Saturday for a week
It's supposed to be opening next Saturday as a discount store?
Looking in everything was still there and only a handful of staff pottering around
no mad dash for a re-fit!
Rosebys a soft furnishing store next door was gutted with no explanation
A battery of shops on two floors was boarded up with claims of a 30,000ft extention openning late 2008
It won't be.
Further along the mall a big corner site which was once C&A on two floors is now a Sue Ryder charity shop
UK Retail plc is stuffed.
2. mark said...
plc retail has imploded they simply got too big...
3. malct said...
plc retail has imploded they simply got too big...
unbelievable lack of foresight?
both London and Bristol have had massive new malls just opened recently
draining sales from Oxford Street and Cribbs Causeway
greed on steroids? The developers must have been so high on the expectation of huge profits, they couldn't see the road ahead.
Not sure who loses out here?
4. mark said...
i would think if UK plc retail goes down the pan there will be 1000's of people opening nice little shops with local produce and will make a lot of people very happy, reduce CO2 by reducing wagons from eastern EU and the whole system starts over...