QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds


Buy a Classified Ad


Editorial Calendars


Circulation Data






Operators Date Book


Bookmark this site

Issue Date: Vol. 53, No. 3, March 2013, Posted On: 2/12/2013

Experts Warn Of Looming Mall Closings

Hank Schlesinger
TAGS: vending locations, bulk vending, vending operator, bulk vending location, mall trends, mall closures, retail news, Financial Times, Gerry Mason, Savills

A story in the Financial Times is causing concern throughout the retail industry. In a report appearing in the Feb. 4 edition of the London-based paper, leading real estate and financial advisors predicted that as many as 200 regional malls in the U.S. are in danger of going out of business within the next five years. Gerry Mason, executive managing director of Savills, a property group, was quoted as saying the market for regional malls is "15% to 20% overbuilt."

High-risk locations include the nation's 1,300 regional malls, which occupy 450,000 square feet; the figure does not include "megamalls," larger complexes that usually anchor attractions like movie theaters and bowling alleys. Closure risks could spell bad news for some vending operators, particularly those in the bulk segment, who are reliant on mall locations.

Experts interviewed for the FT story point to the increased use of e-commerce by consumers. To date, approximately 10% of retail sales are conducted online, and that number is rising rapidly. Fourth-quarter 2012 online sales are up 14%, compared with 2011's fourth quarter, while overall retail sales rose only 3%.

Most worrisome to real estate watchers are such struggling anchor stores as Sears and JC Penney, as well as the recent announcement by the bookseller Barnes & Noble that it intends to shutter a third of its outlets over the next decade.

Topic: Bulk Vending

  • Beaver Machine Plans To Unveil New Bulk Vender At Amusement Expo
  • Clever Internet Scamsters Target Importers Of Foreign Goods
  • New York Detectives Nab Suspect In Thefts Of 100+ Bulk Vending Machines
  • Deal Reached In Labor Dispute At West Coast Ports; Bulk Vending Commodities Expected To Flow Smoothly Again
  • West Coast Labor Dispute Plays Havoc With Bulk Vending Supply Lines

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570