The Guardian on the decline of America's shopping malls.
"Dying shopping malls are speckled across the United States, often in middle-class suburbs wrestling with socioeconomic shifts. Some, like Rolling Acres
, have already succumbed. Estimates on the share that might close or be repurposed in coming decades range from 15 to 50%. Americans are returning downtown; online shopping is taking a 6% bite out of brick-and-mortar sales; and to many iPhone-clutching, city-dwelling and frequently jobless young people, the culture that spawned satire like Mallrats
seems increasingly dated, even cartoonish.
The trend is especially noticeable in the Midwest, a former blue-collar bastion where ailing malls have begun dotting suburban landscapes. Outside of Chicago, Lakehurst Mall
was levelled in 2004 and the half-vacant Lincoln Mall
is costing its host village millions in botched redevelopment plans. Dixie Square
Mall sat vacant for more than 30 years after serving as the backdrop for the iconic chase scene in the 1980 film The Blues Brothers. It was finally demolished in 2012. Many others will similarly lie dormant as they wait for the wrecking ball."
posted by porn in the woods
on Jun 19, 2014 -
Economies of Scale
is a free, web-based multiplayer business/commerce simulation game under development by Scott Rubyton (aka Ratan Joyce). Players use starting capital to build production/wholesale/retail businesses from the ground up in a basic economic model, competing for market share while collaborating through business-to-business trading of goods and materials. It's more fun than getting an MBA! Also much less expensive. [more inside]
posted by cortex
on Apr 3, 2012 -
"Wal-Mart controls a large and rapidly increasing share of the business done by most every major U.S. consumer-products company: 28% of Dial total sales, 24% of Del Monte Foods, 23% of Clorox, 23% of Revlon... Wal-Mart plans to open 1,000 more supercenters in the U.S. alone over the next five years.. giving it control over 35% of U.S. food sales and 25% of drugstore sales...The $12 billion worth of Chinese goods Wal-Mart bought in 2002 represented 10% of all U.S. imports from China." Setting aside questions of monopoly, isn't this a potentially dangerous monoculture
posted by alms
on Oct 15, 2003 -