Nathan wrote: but it's just an unfortunate coincidence. I'd have thought the Harris Scarfe development shows that there's actually increasing interest in the Mall area, not the opposite.
Harris Scarfe is one store. Its going to reuse the space better and offer office space above. I really don't think the redevelopment is based too much around attracting more people to Harris Scarfe itself as a store.
If there was a need for retail space then the Myer center would be full. I can't imagine the Myer center ever going back to the old days.
Then with TRU going from the mall, that will be even more retail space with no tenants.
No other TRU store is affected. Only the city one. The city one makes no money.
People use the city store as a last resort, when the other stores have sold out, or as a place to pick up something quick and small during their lunch break.
It seems like the mall gets a lot of foot traffic, but no one is actually spending any money, unless its on food.
I personally go to the mall a few times a week. I usually go there to look at something. Like yesterday I went to JB to look at their TV's. But I am going to buy it from a suburban store close to my house. I can't get a TV home on the bus, and why would I drive all the way to the city when there are closer stores.
Also, how would I go about getting the TV from the city store to my car.
These are the things the mall needs to deal with better if they want to survive.
The mall needs to offer shopping trolleys with trolley returns in the high rise parks.
The mall needs to offer a delivery service for all the stores.
The mall needs to distinguish itself from suburban shopping centers.