Wednesday, September 19, 2018

Sears Officially Out In Dayton!

Sears is gone in Dayton, Ohio.
The Sears Holding Group announced the latest round of closings in the United States and Canada. Once again, Dayton and the Miami Valley area was hit with another round of bad news. 

Sears announced that The Mall at Fairfield Commons will be a part of its latest round of closures. Around mid-december, Sears will close its location. The Washington Prime Group, Inc. announced two tenants will replace Sears upon its closure. 

Right.

I am going to say this with no remorse.

The malls are dead. 

By 2025, malls could be extinct. The foot traffic is down and Americans are getting purchases from Walmart, TJ Maxx, Kroger and Amazon. They are not shopping inside the air conditioned malls. 

I believe it's the end of the line for malls here in Dayton. To see a company go out of business is sad. It's a part of the norms in a Donald J. Trump economy.

The Dayton Mall and Mall at Fairfield Commons made huge mistakes when it came to customer service. They practically driven the shoppers away.

The bus line was pushed away from the front entrance. People with disablities will not shop at a business that restricts access for them. The malls enacted their curfew rules to keep young shoppers from loitering and hanging out. 

That keep foot traffic down. The mall was the spot for teens.

Technology has changed the service industry. Young people don't have to leave home to get a purchase.
Dayton is struggling.
Matter of fact, they don't have to visit a mall to buy books, video games, food delivery, toys and the sense of hangout. They have Uber, Facebook, Amazon and Match.com. 

Malls are trying to convert vacant space into lifestyle centers to at least survive the decline. The Dayton Mall is experimenting with it. Same with the Fairfield Commons. 

Sears Holdings is struggling and it is considered "dead store walking." The company is in dire straits. It is on the verge of bankruptcy and it could impact our economy. 

The fall of Sears could trigger a recession. Retail apocalypse is real. With the demise of retail, it could impact millions of middle class Americans.

You might have to travel to Columbus if you want to visit a Sears or Kmart location. 

Sears is going to close the Upper Valley Mall Springfield location soon. 

There are 12 Kmart stores in the state and none are in Dayton.

The Mall of Fairfield Commons and Dayton Mall are part of the Washington Prime Group.

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