retail news in context, analysis with attitude

Interesting piece in Minnesota’s Star Tribune about the changing economics of shopping malls, suggesting that the decision by Bloomingdale’s to pull out of the Mall of America, coming after the recent decision by Sears Holdings to close more than 100 Sears and Kmart stores, means that traditional roles are beginning to erode.

"Department stores are not exactly dead, but they're obviously troubled," retail historian Jack Thomas tells the Star Tribune. "Everyone wants one-stop shopping. The problem with department stores and malls is nobody wants to go to multiple stores to get what they need."

In some cases around the country, the loss of traditional anchor tenants in some markets has meant replacing them with smaller fashion or furnishings retailers, or even movie theaters. And the anchor tenants themselves have to reconsider how and where to best locate their businesses.
KC's View:
One fascinating thing about this story was that it never mentioned online competition ... after all, what is Amazon if not a fabulously expansive and accessible department store?