Ep. 10 "Virtual Power Walking?"

2010-04-014

Episode Duration: 2:11

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2 Responses to “GotBiz Buzz Episode 10”

  1. Herman says:

    Business News ranging from the fascinating to the fabulous: Largest Mall chain goes bankrupt? Not fascinating nor fabulous.
    There are WAY TOO MANY places already propagating BAD NEWS. Please no more bad business news that cannot be used unless I plan to go bankrupt.
    Cathy, find GOOD news that can be USED by business owners.
    We don’t want to all have to go on Antidepressants.
    How about checking out this ebook on http://www.crisisbuster.com and do similar stuff.
    Attitude is good but please positive attitude!
    Thanks!

  2. Ray says:

    I think the days of the indoor mall have been going away for a long time. Back in Rhode Island, there was a hugely popular mall, yet ten years ago, it turned into a ghost town, it was almost sad to go in there.

    On the opposite end, the more outdoor style malls, such as ‘The Gateway’ in Salt Lake City, seem to be very popular. There was another dying mall back east, and they re-did the entire place and turned it into a more outdoor-stle mall, and they have come back with a vengeance.

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Welcome to GotBiz Buzz – your daily dose of the BEST in business news, with stories ranging from
FASCINATING to FABULOUS. I’m Caffeinated Cathy, and THIS episode is brought to you by
CoffeeForLess.com – enter the code shown in the notes BELOW the video for a 5% discount on every order.

Stonehenge
The Parthenon
The Pyramids of Giza
Machu Pichu
The Great Wall of China
and SouthHills Mall, of Poughkeepsie, New York

The American mall is falling into ruin.
Hundreds of malls across the country are losing retailers, closing their doors, and turning into strange little ghost towns.
It’s pretty weird and a little sad.
I remember making out with my first boyfriend near the north end escalators of the mall downtown.
My first job at the largest department store in the state.
Even losing a tooth while eating a sticky bun in the food court.
Yep, malls have definitley been a gigantic part of my life, and countless others!

Is this yet another sign of hard economic times? Not necessarily. Though monstrous mall operator General
Growth Properties has just filed for bankruptcy in the face of mountainous debt, and all sorts of retailers
have seen sales plummet, the mall began it’s death throes BEFORE the recession hit. Shoppers can find so
many more exotic and functional items on the web.

So as more and more consumers abandon shopping centers and leave them to obliteration by the
wrecking ball one gets to thinkin: Where will suburban mom’s get their power walk on now? Can’t very
well do that on Zappos.com now can they? Hmmm.

Feel free to share your mall memories below. And I’ll see you for another GotBiz buzz tomorrow.

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