We believe that consumers ordspråk

We believe that consumers are going to be reluctant to visit shopping malls due to their being a population center and a potential terrorist target. We think some of the department stores in urban centers, particularly those that are American icons, also represent a security risk.

They (malls) account for a pretty small section of shopping centers. There are 47,000 shopping centers in the United States currently and only 1,104 of those are enclosed malls.

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Now (older, indoor malls) compete with power centers, strip centers, lifestyle centers, big boxes, Internet shopping, catalog shopping, home shopping.

Malachy Kavanagh

You've seen a general malaise in consumer enthusiasm to shopping at malls, so that's been a contributing factor (to lower department store sales) and there's also a bit of malaise in terms of interest in leading (department store) brands. That might be because department stores are getting a little stale and they lack freshness.

Teens are still shopping at both specialty stores and department stores for status items. They are, for example, wearing full price shoes from Nordstrom with jeans from Target.

When people say to me, 'Why aren't people shopping in department stores anymore?' I tell them our sales this year will be $27 billion, which is a lot of shopping in department stores.

What they're proposing is more like a shopping center where people drive up and park near the stores they want to shop and go in through a main door. There seems to be a trend away from the small malls. [Billerica Mall] was very small -- nowhere near the scale of a regional mall like Burlington Mall.

Two interesting things are happening. The growth of western-style malls is changing the way urban consumers shop. Secondly, we're seeing many more big box, value-based formats setting up shop. The size of these stores is about 50,000 square feet, a departure from the smaller mom & pop-type store that dominates the local retail landscape.

Michael Fernandes

What Lincoln wants to do is to create a mixed-use urban center. One of the questions the plan commission needs to consider is how many and how big and where should urban centers be the most appropriately located.

We're trying to stay at Fishermen's Village. We want the shopping center management to reconsider extending our lease. I don't think they realize the amount of traffic we generate for the shopping center. There are other spots available in Charlotte County, but none are high-traffic areas. (The Port Charlotte) Town Center mall is not an option because there are no available stores.

But that's just the trend with malls. Malls lose stores and they gain stores and in 2006 we have some great things happening.

There's a lot of redundancy in these stores. If the idea of this merger is to make these department stores more similar to each other, that won't add value to consumers, ... Consumers want differentiation and variety in products. Price isn't their only consideration.

By shuttering the Marshall Field's catalogs, Target is saying something about its department stores business -- business isn't what it used to be, ... Part of the reason is that department stores overall are doing badly.

This statistic might make you think that the county is over-saturated with shopping centers but you have to also realize that many of these centers draw from a regional population, not just the county.

I had a conversation with Terry this morning and I told him that I don't support a decision to make a huge investment in another department store when many more consumers are shopping at off-mall retailers such as Wal-Mart, Target, Costco and Kohl's,

Howard Davidowitz

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