The future of the American mall
HTML-код
- Опубликовано: 29 ноя 2019
- Almost 1,700 stores inside malls closed in 2018, according to Bank of America, and so far this year, closings have reached more than 4,000. But one company believes it has found a way to reverse the trend. The enormous American Dream mall in East Rutherford, New Jersey, will have a lot more than just stores behind its walls when it fully opens next year. Nikki Battiste reports.
Watch "CBS This Morning" HERE: bit.ly/1T88yAR
Download the CBS News app on iOS HERE: apple.co/1tRNnUy
Download the CBS News app on Android HERE: bit.ly/1IcphuX
Like "CBS This Morning" on Facebook HERE: on. 1LhtdvI
Follow "CBS This Morning" on Twitter HERE: bit.ly/1Xj5W3p
Follow "CBS This Morning" on Instagram HERE: bit.ly/1Q7NGnY
Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! bit.ly/1OQA29B
Each weekday morning, "CBS This Morning" co-hosts Gayle King, Anthony Mason and Tony Dokoupil deliver two hours of original reporting, breaking news and top-level newsmaker interviews in an engaging and informative format that challenges the norm in network morning news programs. The broadcast has earned a prestigious Peabody Award, a Polk Award, four News & Documentary Emmys, three Daytime Emmys and the 2017 Edward R. Murrow Award for Best Newscast. The broadcast was also honored with an Alfred I. duPont-Columbia Award as part of CBS News division-wide coverage of the shootings at Sandy Hook Elementary School in Newtown, Connecticut. Check local listings for "CBS This Morning" broadcast times.
So it’s no longer a mall it’s an indoor amusement park.
madboyreadynow28 it’s been like that for years
Both
According to the guy in the video it's an experiential center 😂
It's not a brothel. It's an experiential center.
This is that place were gonna see in 20 years that completely flopped and is abandoned
I can imagine myself as a grandparent just saying to my grandkids
“In my day they were called malls”
lol
Your grandkids:ok boomer
@@darthbarnos6982 *Zoomer
@@LaRawrXD *doomer
Barnos 69 remmox*
The outside of it looks like an airport.
An airport is an amusement park of sorts
Yes but its also fairly beautiful.
People shop online cause they don’t want to leave their houses or deal with other people.
Well, that, and it's faster.
S Malchione also bc the stores are a mess and you can’t find anything
Bob Reynolds how is ordering something online and waiting multiple days (if not weeks) faster than going to the mall and picking it up?
Tech has also made people lazy. I do video editing and other work for a volunteer organization. They require everything that is used in videos to be either 4:3 or 16:9. All videos recorded with smartphones need to be at least 1080p 16:9. A staff person sent us a clip that they recorded with their smartphone. The clip was 9:16. Our director declared the clip useless and said, "She was too lazy take the 2 seconds it takes to flip the phone sideways and do it the right way for the production. Tech is making people lazy." I can crop most 4:3 photos to 16:9 on my laptop using the Windows 10 Photo Viewer without losing what the photo is trying to show. FYI-I still go to the store for shoes to make sure they fit before I buy them.
I also don't want to deal with the limited selections of a brick and mortar store. They never have the specific things I'm looking for, especially clothing.
This is gonna be a great Amazon warehouse in the future.
Young Grizzly
Really good, 53 football fields!
Savage AF. 😂
LOL
Young Grizzly Not if AOC has a say in it 😂
Young Grizzly You really think so?
"It's an experiential center."
Sorry, my eyes can't roll far enough for that comment.
Can we get people from new jersey to comment? Does this mall have a chance
I live in nj this place will be good for tourists , locals dunno
We play hide and seek in malls
Mine rolled too lol
Its gonna suck when that place Bombs ...
They better make it affordable; otherwise, they'll be setting themselves up for failure.
💯💯💯
Actually statistically higher end shopping malls with shops like Louis Vuitton, Prada, Tom Ford, and etc are still surviving. This is because when people spend money on high end goods they like try it out and experience the a higher end shopping experience. Like I know that store such as Luis Vuitton will give their customers wine while they shop and Tom Ford provides a personal stylist to help you pick out outfits and tailor suits custom to you. These stores don't get a ton of visitors but the visitors they do get spend a lot of money on products with massive margins. The malls with primarily value brand stores such as Sears, JC Penny, and etc are shutting down because you can buy those same products online and the shopping experience sucks so nobody wants to go.
Which I doubt it That would be a Mall only for Rich People
Absolutely. Imagine taking a family of 4 for a night out there. You'd go broke fast!
@@sadmancho I highly doubt it's the luxury stores keeping these malls alive. There are more middle class and lower class Americans than the rich. And those are exactly the kind of people who would choose to spend their money on stuff like this.
The internet is killing malls. So whats the answer? Build bigger malls, lol.
@FIELDJOURNAL Google is a branch of the government now. they spy on all of us and gather information on everyone. Google was a search engine and Amazon was a bookstore. they are now your overlords.
@@Imperial0666 I kept telling my exgirlfriend the G in Google stands for Government lol
(cut to Kang and Kodos in UFO)
"They'll build bigger malls with bigger stores in them. Soon, they'll build a mall with a store so big, it will DESTROY THEM ALL!!"
(uproarious laughter from both)
Build bigger malls with amusment.parks, ice skating, ice hockey all in one. people dont want to shop but like sports and amusments. It will work
Support Andrew Yang
Why not just build a whole city in this “mall” lol it HAS EVERYTHING
@@MrFareddy We will fight the retail apocalypse.
They should convert malls into appartments. There is s huge lack of appartments in america so why not convert the malls?? They already have heating and cooling systems they have big parking lots so parking isnt a problem and you have stores really close to you. There is a couple of disatvantages such as lack of windows tho
They could make the stores into lofts and put in efficiency kitchens and showers.
The original creator of the mall actually intended the mall to be a living area with shops and schools. Like an indoor city.
@@97ana America isn't lacking in apartments or just housing in general. There's 17 million vacant homes according to the census bureau. Location and affordability are the real issue.
It just looks like a bunch of rides set up in an aircraft hanger.
Correct, you want to bring an experience, fully engulfed in a nice setting or environment. This aircraft hanger looking environment will take a toll very quickly unless they add more. Looks like a quick money maker until people get tired of it.
Waiting for episode " Abandoned Place then and now."
Add a casino in there, now u really got something.
true, true.
Family friendly casino is a good title for this I guess
that's the only way this place will ever break even, and make sure it's not a Trump casino because those went bankrupt.
We got that in Vegas ! :)
kil koh some prostitution too
I like how he said we are creating jobs, 80% of the jobs inside the mall are going to be paid minimum wage. So the people around the area won't be able to afford the housing.
New Jersey minimum wage is $10.
@left-wingers-are-terrorists And theres your "intelligent," right wing response for the day.
@EMPEROR ITYOPP’IS Ž £THIOPIA Sorry thats NEVER going to happen people will have kids wether you want them to or not. PAYING them a minimum wage is fair and should be a human right.
@EMPEROR ITYOPP’IS Ž £THIOPIA They can have as many kids as they want thats none of your business. People deserve a LIVING WAGE, what do you not comprehend about that? So you want a mother and her kids living out on the streets? I seriously think thats what you want. You're disgusting and not a real American.
@LegoGuy87 hows that cost of living in alabama. haha
The operation cost of this indoor Disneyland will be far greater than the sales profit they are dreaming about!💸🔥
@Terren O'Neil Americans have short attention spans and it is getting shorter each day... I doubt it'll survive longer than 10 years.
Terren O'Neil circus circus is closing down due to no visitors
They are hiking real estate price artificially..... they'll recover quickly
@@DurzoBlunts i feel like as long as kids exist, parents will take their kids here and it will be successful just like mall of america
@Terren O'Neil Las Vegas is dirty. Pathways look dirty and young homeless scammers everywhere on sidewalks
So he is complaining about the aesthetics when that entire area is an eyesore already it's right next to MetLife stadium and an over polluted Meadowlands
i dont think its a bad looking building
Spirit of Halloween: This I gonna be a big one but I'll take the job
Hilarious!!!
I like how it’s supposed to open next year but it already looks dated in some areas
Deandre go inside. It’s actually not dated at all, it’s really quite beautiful.
Deandre I agree
@@chloedoggie8803 trees are beautiful...stores have become peddlars of trash and addiction.
MIchael Rigby uhm... A. There are trees inside. But B. That’s your opinion. Also C. Ok boomer
@@33none42 fire comment . *claps*
Mom can we go to the "experiential center"...oh, you mean mall hun. order online...after you clean your room.
😂😂😂😂😂
Yeah this is a mall lol. I don't care what they call it.
@@anony88 I stooped buying useless trinkets years ago...
yup,, just ordered new tires for my truck online ..easy!!!
@@charlyperez1636 😂
I really can’t see this mall lasting more then 7-10 years
But it's not a mall lol according to the guy
Lol and it took 15 years to build
if it had things like a water park and what not it will be around for a long time
ttownazboy520 lol entire cities were built in a 2 year period in 1800s - talking brick glass elaborate stone work with population less than a 100 ppl including kids in some cities like salt lake etc . Modern day machines try to build a McDonald’s it takes 8 months 😆😆
Other malls been long for so long and don't even have half of what this has
Malls are not dying. People still like to go outside and touch and feel the products they're buying. Just look at outlet malls. They're always full. It's the expensive, bland department stores that are dying.
Why say its "new" when Mall of America's "Snoopy World" indoor amusement park has been there for 25 years?! Huh?!
mambojazz1 Nuh uh
It's actually a Nickelodeon amusement park now but still got a point
Royce Muzic it use to be camp snoopy until about 15 years ago.
It's the news. Words have personal meaning to them regardless of their actual meaning. No fact checking required, just stories.
Hillary Sommer huh
Ain’t nobody gonna say, “Let’s go to the experiential center tomorrow!”
Lmao
THANK YOU! I’m still gonna call it a mall! 😂
ECT!
Ppl will call it the EC
cant ride a rollercoaster on amazon dot com
jokes on all of them, we’re all introverts who hate loud noises and large swarms of people ain’t nothing getting us out of the house LMAOOOOO
I'd say 16% of America population is an introvert if you go out on a friday or sunday theres tons of people at the stores
@@davidmaldonado9717 yep.
That’s me! INTROVERT 💯
The second they start making Auntie Anne’s location outside of malls is the day I’ll be done with them forever.
Because some people go to malls just for pretzels. I’ve done it several times lol.
i’ve seen some outside now
I’ve seen them at airports. So there you go...
Vivi Mendoza you get me!
@Natasel Because that place sells the best pretzels.
They won’t, amazon and internet shopping as a whole has murdered retail
Onward nah they’ll succeed
Onward I think the mall will be a success. I been to a few malls in Jersey & upstate and I saw Amazon has a store in the mall.
@@fxckkyeh.h7 nah...read more...or even better ask a kid who gets everything form his/her iPhone.
@@pedromolina9558 Yup, Garden State Plaza. Parking is terrible but yet you see so many people there. It's insane
Again, its all about experience buddy. Marketing
It’s called a huge waste of money
OK boomer
Waste of space for sures
Okay Debbie Downer
Luckily it's not your money, or they wouldnt be able to afford to turn the lights on
Yeah id love to see the ROI math
Malls should turn into an entertainment hub. Movies [theaters], shows, event centers, food courts with special features that get people excited., [shops of course] but innovative shopping experiences [i.e. Amazon Go model = less staff needed, prices could then be competitive with online + a better overall experience this way]. Gyms and other everyday facilities - all to get more foot traffic.
If such a model is implemented, as much as an online presence for many businesses will still be a relevant and competitive market, however, it will be a difficult one to go against what this model of malls can offer.
People/ families still need entertainment and a safe place to go to. Malls could in this case make a comeback.
Thats a Nice ideia but the problem is that the middle class cant afford it
if it fails they could house NYC homeless people in there
Marco no
Ace Prolific - You’re evil
That's if they want to live there
NXG0LD it’s not evil because just moving the ppl doesn’t solve their problems
That’s childish thinking because it doesn’t get to the root of the problem.
2019: *mall builds roller coaster*
2067: *internet claims roller coaster*
You can’t experience Nickelodeon uinverse online
You can kind of simulate roller coasters in vr
ree
You say this as a Meme but 100% roller coasters will be very scarce in 2067 due to vr.
QuincyIsCrispy How will they simulate the Gs of a real roller coaster? Those VR pods that tilt and roll have to make do with one G.
An “experiential center” says the guy that looks like he smells of very strong cologne....an “experiential center”.
as much as i want this dude to succeed this is probably gonna be a flop
This is gonna suck when 3 million square feet of space goes to waste
qbanz
Naw it can be used as a pot house
It doesn't have to go to waste when it fails they can convert it into a virtual reality playground.
I believe that is the future of entertainment for Humanity.
There is no amusement park or form of entertainment that could ever compete with you having the ability to be a God in your own world where you control everything including who lives and dies.
Seriously who doesn't want the feel like God for a little while in their own world.
Ray Bradbury was right!!
Hellsmoke X lol dude every mall that has failed is basically a ghost town now . That space almost never gets utilized
This is such a huge waste of money...
The term " Dead Mall "becoming more common. Desolate places.
Wouldn't be surprised when more malls close in the next decade
@@spakentruth THEY'LL BE FAMILY FRIENDS FUN CENTERS BY THEN
can't wait to watch the abandoned episode on this one :3
Ahh a fellow Bright Sun Film fan!
Lol that'll be in the "abandoned stores department" right next to the "indoor deer hunting department."
Cookie's House Cannabis Co whaattttttss up guys , my name is Jake , and welcome to abandoned , episode ___ !!!”
Retail archeology
Today we will be talking about the tragic downfall of the American dream mall bla bla bla
.........
Is no one gonna talk about how homie was straight up glitching at 1:14
Livy Bakken 😂😂😂
lol
Ya that was a weird part
He’s listing the family members that he works with. They all invested
"you can do anything you can possibly imagine" oh i highly doubt that
I'll believe that statement assuming I'm able to go there to play tuba while simultaneously baking ancient Indian cuisine.
"and at the end of the day isn't that what it's almost all about?" that has to be the most tone deaf classist statement ever made
Jonathan Idle Jobs = Taxes
@@doomtomb3 money is everything = a life worth nothing
Another Hudson County mayor with his hands out. Nothing new here. Move along children. 😆
@@justacinnamonbun8658 Infrastructure costs money. The people making it never want to pay for it.
Moneys not everything now having it is-Kanye West
Wild that he he believes he can make $6 billion back in a year...I’m ready to see that happen
Quran Thomas did she say billion or million? I couldn’t tell
Altin Bey it’s obviously a billion i mean you gotta be joking😂
I would not waste billion dollars on this?????? I would team up with Elon or one of the many leading tech innovators to further technology and biological science for the greater of humanity.
These structures are meant to keep the sheep entertained.
Just unbelievably what rich people do with their money.
@@altinbey5831 sounds like the stupid commentator lady said million but that's ridiculously impossible because it 70acres. that land alone is more than 6 million. however 6billion to build all this is pretty high. I was thinking 4 billion.
hostilityy yeah my mistake, silly of me to think she said million 🤣
70 acres? Should have built outdoor activities and hiking trails. 🤷♀️
That's stupid make it year round.
He looks like the guy at the mall who is always trying to get you to try the gold creams and purfumes.
Korea has this entertainmall already that is so successful, called Lotte World
I agree. I was stationed in South Korea and place was amazing
Orientals are stupid comsumers
@@sirthames in what the air Force or something lame in the army. Pogue
@Dahye Choi He is just jealous as he has no talents whatsoever, lol
Troll harder please
As soon as he said “experiential center” I laughed my a$$ off, hit the downvote button, and moved on. One of the most pretentious things I’ve ever heard.
Agreed.
Hear, hear!
The dumbed down isn’t going to be able to get on board with saying, “Come on kids, let’s go to the experiential center!”
I've seen those in Dubai before, they didn't survive the internet shopping trend
5:05 y’all just gonna ignore her calling forever 21 “century 21”?
No she had it right. It’s a New York-based discount store.
Century 21 is a department store in the northeast
Sargent and captain buzzkill, I doubt she meant that since H&M is next to it , doubt people flock to malls for that but for sure would for a F21
She might have meant forever 21 but said century 21 because it’s in the northeast. So yeah
Who knows maybe there will be a real estate office there too!🤣
The bills for electricity and heating would be a killer
You've got that right.
Heating is not an issue. Mall of America does not have central heating
@@user-ef1ob4yj5j wait..how? It's in a colder state
@@NONAME-si3ej lots of people bring in lots of warmth, and lots of skylights bring in sunlight that heats it up
just having a large mass to exposed area is a big reason MOA doesn't need heating
Closed on Sunday’s?!...
this is the “Chic-fil-A” of malls...
I mean “Experiential Centers!”😐
Did they really say that? I must have missed it
Whereabouts Unknown 1:29
Welcome to Bergen County
Bergen county everything retail closes on sunday because of the blue law
Only Chick-fil-a thats never open on Sundays would build a restaurant in the Atlanta Falcons stadium. Lol
Think of the population and the tourism in the massive New York metro area compared to Minneapolis/St. Paul. If Mall of America can succeed, there shouldn’t be a problem.
@Hailey Brown lifelong Minneapolis resident here. You're right, this place is miserable 8 months of every year.
@Hailey Brown I'm going to guess that you moved here for a job or you're stuck with your parents who moved here for a job. Either that or rehab. Nobody I've known has moved here for any other reason.
Mall of America only works because it is supported by a ton of retail.
I personally LOVE Minnesota. Some cities around the metro area are just perfect for families or just to make a living. Very peaceful and openminded place.
I’m from Des Moines. When I go to the Twin Cities, I usually go to The Galleria or Ridgedale than MOA. MOA is nice but way too much of a novelty to shop at. It’s nice to walk around and such, and if you see a store you like, you can pop in, but for destination shopping, the two malls I fore mentioned are much better choices.
So basically I just watched an advertisement masked as “news”
Goutam Bhattacharya I thought it was propaganda
Building a mall in 2020 is gonna be really hard
don't say malls are dying...i just got a job at the mall lol
See this what they need to do something like this for toys r us but on a smaller scale for the kids and the kids in the adults🤔
It’s too late for Toys R Us.
toys r us is long gone
@@ownthevoid yeah but they post make a comeback supposedly
@@ownthevoid yeah they posed to come back supposedly.
@@ownthevoid If Hostess can revive the Twinky, Tru Kids can revive Toys R Us.
Interesting how they're already behind on their promised payments to the local authorities... 🤔
"A county law requires retail stores to close on Sundays"
Jersey gonna Jersey 😅
It's called the blue law and has been on the books for many many years. I guess you haven't been to North Jersey on a weekend.....
I like Sunday trading laws. Sunday is a holy day!!!
Chick-fil-A is closed along with Hobby Lobby on Sun. nothing new.
@@willd4731 I live here in Bergen County and it's an outdated law at this point. I'm not a fan of having to go all the way to Passaic and Hudson County just to go to Target and Best Buy
@@davidsamuel6018 Those are companies that are faith based and make a decision to close. The government shouldn't be involved in dictating to businesses that they cannot be open on Sundays because the government had religious beliefs they want enforced on the public.
If only they realized that Malls in East Asia have done this method years ahead of them.
Yeah, this concept is pretty common in East Asia. A small city inside a building where you can find almost anything you want.
I know lol... I love when we do "New" things here in the states that have been done for decades overseas. hahah
Ok and?
They've been doing it in the U.S. too
It's too big ,like an international airport no one wants to be doing all that walking.
Haha typical americans. Getting too lazy over just walking couple of miles. That's why you're getting fatter and fatter and more lazy because of your dependency on technology and machineries
Big, bold, and unique is the point of this mall group and it works quite well. Normal people have no problem walking, especially NYC metro natives which walk a lot more than average Americans just to get around the region.
@@johnkeller9738 Exactly. Those people who works hard or walks around their works are the ones that go to these places to unwine.
Hahahaha Mario Arias, are you one of those people who take a cab to go to the parking lot a block away from your apartment to pick up your car?
@@Gabrie177 actually I live in a farm I grow pistachios and walk in my orchard 😂
6 billion dollars can house a lot of ppl in this country.
So it’s basically gonna be a mall of america 2.
Electric bugaloo
Well, I know where I'm going once the Apocalypse hits.
You'll be fighting zombies inside the mall like in Dead Rising!
Andrew Kitchens true. No one takes to account that all the power would be shut off
Zombie apocalypse holdout spot for next zombie movie😁😁😁😁😁😁
I give this mall 5 years before it closes.
DJ Williams 😂
None of the biggest malls in NJ have closed. There is simply too many people in a small area, it’s the most densely populated state in America in one of if not the highest income state in America.
DynamicUnreal yeah that’s why it had a record number of people moving out of state
Bron’s Plan Bron’s Plan It’s called demographics, a lot of the people who are moving out are retirees. New Jersey is an expensive state and retirees are known for wanting to get the best bang for their buck and also to live their retirement in warm weather. A big chunk of the people who moved into NJ are millennials, young people moving into a state to work is a good thing. BTW your retort to my statement doesn’t change the fact that *NJ is still the most densely populated state in America* and no other is close.
Yeah I’ve been going to shorthill mall for like 7 years and it’s still just as crowded
That place looks creepy. It looks like a depressing abandoned mall.
It will definitely be abandoned before long... and they'll just leave everything in there to Decay and rot
Jobs? That’s damn 10$ a hour just like every mall
@Jesus Christ Jesus Christ would you like less jobs would that help us all? lol Sorry not every job can pay millions. If you have a problem with this then I suggest you don't shop or eat at any stores or go grocery shopping.
Ari Ch no more Starbucks too! Lol
Do you want to pay $10 for cup of coffee so the workers can get a $15 per hour . I bet not .
This guy sounds like Joaquin Phoenix’s Joker.
Totally.
He’s the guy that you know is the villain in a superhero movie
Don't you mean Joaquin Phoenix.
Rolman80 80 I live in California where movies and video games are trendy. Not every person in the USA follows pop culture. I follow real world events as well. I don't always watch fantacy/ fake videos or movies/ TV shows. I also like reading articles and watching documentaries. 🙄
Zachary Lund I don't only know the actor from the 2019 Joker film. I saw him in countless films when I was growing up. Correction the 2019 Joker film isn't a superhero film. It's a film about how Arthur became the Joker; hence a villain film.
It’s N.J. So you add a casino.
New Atlantic casino.
or a nudy bar!!! LOL
and greasy italians.
“Ferb I know what we’re going to do today” -Phineas
The mall of America in Minnesota been had all of this.
The mall may be dead in America but at the very least it’s still thriving here in the Philippines.
chrismacsims that’s one of the reasons. Malls here aren’t just for shopping theyve become like town squares where events are held like concerts, competitions, places where companies show off they’re products from cars to local goods, some malls even have government offices where you can get you’re license renewed, NBI clearances, social security, other legal things. You want a full medical check up with X-ray, MRI, drug testing, consulting a doctor there’s several malls that have those here. Every mall has a grocery and department store and then there’s all the kiosks that sell everything from clothes to food stuffs, drinks to sometimes a full body massage.
Yeah, like a one stop shop
Without a doubt East Asia is definitely where the mall will continue to stay alive. But right now there are too many malls and that in itself is probably the most concerning aspect for the moment
@@DEXEvolution THE MALL IN HONOLULU IS AWESOME IT'S THRIVING.
Vandalyn Wilkerson What’s the name btw? Might be worth checking out someday
You could cut the nepotism in that mall's air with a knife.
Some of those dudes can call upon me any day tho
It’s a family business. It’s supposed to be nepotistic.
So sections of it are open and they look like a ghost town....does not bode well
Speaking about malls I recommend anyone and everyone that hasn’t been to the Mall Of America in Bloomington Minnesota to come and visit ⏳
I was in Japan 🇯🇵 over the summer. Their malls are 3 times as big as the American Mall , plus I never seen an empty retail store space like I see here in the USA
Gabriel Rodriguez It makes sense because Japan is more densely populated.
It's called.. decadence...
@@thenoicemango1827 Also they have an educated and skill full workforce, which means they have good jobs. They have the means to spend more. ;)
Gabriel Rodriguez Yea but Japan has the most debt in the world by a lot. And working a lot isn’t necessarily good because it’s affecting their birth rate. They work so much that they don’t have time to start a family. Although it’s admirable that they work hard they need to start working less so they can actually have a life besides work.
@@thenoicemango1827 "Current account surplus. Japan is running a current account surplus - attracting capital inflows into Japan; these can be used by the private sector to buy government bonds. Japan doesn’t rely on external financing of its public sector debt." Japan debt is nothing compared to Greece. BTW..I went there this past summer and going back there soon ;)
That is true about the overwork. My fiance has a good job over there but she enjoys herself.
www.economicshelp.org/blog/1178/economics/japanese-national-debt/
The second I heard "experiential center" I knew this was going to flop.
Here is a thought; paying people decent wages and investing in employees would mean more people to spend money at malls. $6 billion for a mall but not for the homeless crisis and opioid crisis.
MORE MORE MORE MORE CONSUMPTION CONSUMPTION CONSUMPTION
Omg when the reporter looked at that dude and was like does jobs and money out way some traffic.
The future of the mall is a large private run community Center. Services that cant be online and a place for people to meet and eat.
Combine senior home, child day care, the municipal office, public services like swimming pool, library, etc and traditional retail and you will have a lot of traffic for sure
My local mall had this big renovation like 12 or 13 yrs ago when i was in middle school and it included fixing up the outside as well as inside parts of the mall that were old and in need of a facelift as well as adding more trendy stores, restaurants, condos/apartments above the stores to live in, and many other things. It was supposed to have an indoor ice skating rink tho it never materialized but despite that everyone was still excited about it and I remember after school on fridays or during the weekends/holidays my friends and I all absolutely LOVED and couldn’t wait to go there, spending endless hours window shopping or actually buying things like little trinkets or jewelry from h&m, claire’s, limited too, etc. and hanging out in the food court later when we were done shopping.
But now over the last 5 yrs or so this same once booming mall is deteriorating and one store or restaurant after the other has closed down, or even gone out of business, and these days it’s like every 5 seconds another one has closed and now there’s only a few places left but it’s starting to become a massive ghost town and it’s so weird and sad.
I really hope the future doesn’t become all online shopping because while it is nice & convenient when it comes to things like knick kacks or books or kitchen and other such utensils/tools or even jewelry or whatever, when it comes to clothes I absolutely HATE it because I don’t know how it’s gonna fit on me or what it will actually look like so i have to wait and wait for this thing to arrive, and pay the costs of shipping, only to find out oh great it looks horrible on me and not like I thought it would or it is not really the usual fit of the size they claimed it to be and then send it back and go through all this hassle for nothing when i could have taken waaay less time to go to a store, look around, try some things on to see how i like them and how they fit and, should i find something, buy it and bring it home with me right away and know FOR SURE after buying it that it fits and i like it.
Now obviously malls aren’t completely dead yet so i know i can still go shopping for clothing at actual brick and mortar stores but i just fear for how long this will last :/ (sorry for the long annoying rant/sounding like an angry old person complaining about how things are changing and aren’t like how they were “back in their day” but..well..i am an angry old person who is upset that things are changing and not like how they were “back in their day” 😆)
Lauren Liccione Yang 2020z we need to start making Amazon Pay their fair share of taxes
I know how you feel. In my island, malls are still alive but stores and business inside them are closing. It's a sad picture. I still crying that my favorite kmart store close. Not mention Toys r us and gamestore.
Same thing happened to a mall in the city that I grew up in.
5:05 Century 21 sells cloths? Lmao did anyone else catch that.
The secret to making better malls: more food options, movie theater, amusement park, less clothing stores, more thrift stores.
He better get good security that's what's killing malls.
Yes !!!
I think most people are afraid of being shot at the mall. I know I am.
He doesn't seem quite right
Clarity i red this online man is coking out man
Just smoke weed bruh
Sociopaths. Basically, anyone with that much money.
The owner looks a bit suspicious... leaves me wondering if there’s a secret Russian lab underneath
Lmao
The amount of energy this place is going to pull from the grid is the first thing I thought of. Second, is what happens WHEN people stop going there then all resources used to construct this thing is wasted.
I'm From Minnesota We Built That Mall 30 Years Ago...
The moment you realize this news segment is just a commercial for a 6 billion dollar flop
Its literally a remake of Mall of America, coming from someone who goes there regularly
"It's an experiential centre" - and she tried so hard to keep a straight face. The rest of us cringed, just a little.
I purchase a lot of things online, but we still need physical stores to actually try on clothes and see how they fit. You can’t just delete malls and purchase everything online and hope that the clothes fit the way you like.
People would purchase their products online at their website. Some stores would have priority over brands compared to other stores. Kind of like flagships where only I have that certain product. Either way I think that only online shopping wouldn’t cut it. There needs to be physical stores somewhere for people.
Coming in 2026, the worlds biggest ghost mall.
UNLESS THEY ADD TRAMPOLINE PARKS...CAROSEL RIDES AND INDOOR FAMILY FUN PARK WITH RIDES FOR ALL AGES
As European who has spend a lot of time in the USA your malls are very convenient but soulless the biggest mall will never beat walking from shop to shop in Amsterdam
We got that "shop to shop" thing here too, thanks
I'm glad this came up on my recommended videos. I'm in CT I might check this out on Christmas vacation
American Dream: we came up with a new idea to save malls.... rides!
Mall of America: am I a joke to you?
They own both
lol
Conner Broeker i get that take a joke lol
Awww, Dana! I was wondering what she was up to these days.
PS: I think this family should have been satisfied with the riches they already had instead of leveraging their other malls to help pay for this. But we know how that goes. The rich can never be rich enough. If they lose a penny they think they're poor.
The super rich will ALWAYS find ways to further enriched their coffers, it's never ever going to be enough for them.
Sounds like a mall of America with a hockey rink and a pool...
Yep
What a colossal waste of money. 6 Billion could feed a lot of homeless and starving people around the world. Smh.
I'm getting a major yawn just looking at the place.
Steve Johnson there’s really no appeal lol
When will they get it?
Reportedly the parking goes to $24 in year 2020, so I'm clearly not in the target demographic!
Steve Johnson I agree
Malls will evolve into places where you go but don't buy anything in person. You'll see what you're interested in, place an order and by the time you get home you'll have your order, big or small already there.
Meanwhile in the Philippines: opens 2 malls every month. 🤷♂️. It's just profitable in the Philippines. Filipinos cant live without malls.
Beacuse the weather is hot and malls attracts customers through airconditioning... Thats it!
middle east as well
Filipinos don't really go to parks to hang out, an air conditioned place is a better way.
They put up over 40% of their other two malls as collateral. Damn they just killed 3 malls in one go.
“Where you can do just about anything that you can imagine”
*walks around naked drinking wine out of a pot*
I know that comment was so stupid.
Why am I watching this? I’m not even American..
😅😅😅😅😅😅
We all live in America, America...
Build a condominium above a mall. Don't oversize it. Prioritize pedestrians and public transportation.
There's a mall in Flushing Queens called Skyview Mall, it uses the Asian-style mall design. It's very accessible.
As someone who lives close to MOA (mall of America). Most people around here hate going to it. It’s mostly just tourist and screaming kids