MALLS DECLINE
July 1st, 2004
BY MONICA DOBIENORTH Americans are abandoning the traditional enclosed malls and are instead flocking to open-air 'lifestyle centres' or main street shopping, according to a retail expert.At a recent conference for the International Council of Shopping Centres (ICSC), in Calgary, Canada, Ian Thomas chairperson of Vancouver-based Thomas Consultants Inc said: "Consumers are no longer infatuated with the mall. They were disenchanted with the sterile, mind-numbing homogeneity of malls. Consumers wanted something different."According to figures from the ICSC, the ...
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