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Mar 01, 2005 -- Department stores going down the tubes
When did you last set foot in a department store? Clark cant remember when he was last there. People simply dont go to malls as often as they used to, and they go to the department stores in those malls even less. People are still fashion-oriented, but they can get great fashions for much less at discount stores and specialty stores. To stay alive, malls are recreating themselves. They are building more outdoor, main street type shopping centers, which are doing a bit better. But malls in general are going away. In fact, warehouse clubs are viable tenants for the former department stores. Wouldnt that be a hoot?
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