Steven Pearlstein has a very nice column about DC-area real estate trends that, among other things, notes the waning fortunes of traditional shopping mall operators: "The news that Bloomingdale’s will close its store at White Flint says less about the future of the department store or Rockville Pike than it does about enclosed malls. Shoppers no longer prefer them, retailers are abandoning them and developers are scrambling to tear them down or — as is the case of White Flint — turn them into suburban town centers. Even in a rejuvenated Georgetown, the once-elegant Georgetown Park mall sits mostly empty."
That all seems true to me, but as I note in a new column another factor is simply the long-awaited structural decline of brick-and-mortar retail in the face of competition from the convenience and sales tax avoidance of e-commerce.
TODAY IN SLATE
Smash and Grab
Stop Panicking. America Is Now in Very Good Shape to Respond to the Ebola Crisis.
The 2014 Kansas City Royals Show the Value of Building a Mediocre Baseball Team
The GOP Won’t Win Any Black Votes With Its New “Willie Horton” Ad
Sleater-Kinney Was Once America’s Best Rock Band
Can it be again?
Forget Oculus Rift
This $25 cardboard box turns your phone into an incredibly fun virtual reality experience.