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kleinbl00 · 2216 days ago · link · · parent · post: H&M sits on billions of unsold clothes as profits plummet
Prolly lots of 'em. Now here's the question: are malls truly doomed? Fundamentally, a place to congregate and purchase goods is not a post-WWII American tradition. That shit goes back to the Sumerians. I think we can all concede that the current implementation, with the current market conditions, is in a precarious place. But if malls were places where you wanted to bring your kids and hang out and relax and have a smoothie or a beer and maybe buy a couple used books while the kids watch magic tricks? Right now, nobody can afford to do that with a shopping mall. But I think critical mass will swing the other way in the next ten years. Malls are a useful Third Place, they're just configured awfully right now.