Tier 1 properties, like Clay Terrace in Carmel and Markland Mall in Kokomo, have higher occupancy and sales.However, a footnote comment in the company's annual report says Muncie Mall will be reclassified as a non-core property in 2019. Take it from malls across the country that have undergone major changes: In nearby Anderson, redevelopment has been proposed for the largely shuttered Mounds Mall that would include a food court, a convenience store, a banquet hall, revitalized movie theater and restaurant, according to the Herald Bulletin.The Pal Item reported that Richmond's mall is actually set to have a new tenant in its former Sears space. Old Navy closed in 2010, as did 12-year tenant Gap Outlet in 2013 and Hallmark's Wooden Key in 2015. "Steve Horwitz, Distinguished Professor of Free Enterprise at Ball State, notes one glaring trend among consumers that's probably turning them away from shopping at the mall: the desire to save time.Amazon.com and other avenues of e-commerce are the answer for many shoppers by being accessible at home and making price comparisons easy. One idea he discussed was turning an anchor store into a multi-sport facility for athletes to practice and for groups to host tournaments, which might later attract hotel developments and restaurants. By Khristopher J. Brooks Roughly 2,000 corporate jobs will be cut as well. This isn't the first round of notable stores Muncie Mall has lost.
Pizza di Tony. A dynamic offering of things to do along with things to buy keeps guests engaged and returning often. "It’s not that right now it’s not profitable," he said. "So I think that we have to start getting ahead of this and try to figure out a way to keep that mall active and keep the stores that are in there in there. Andrews Jewelers.
Plus, the mall is where she spends time with her grandson, who enjoys the kid rides in the halls.Meanwhile, Sandy Gregory, Lutton's sister, is an avid mall walker. Encore, and Books-A-Million.There are 3 vacant anchor stores that were once Macy's, Carson's, and Sears.It is managed by The Woodmont Company.
Walk to the spot that up until last year held Sears, the mall’s first store, according to newspaper archives. She hopes other stores she loves don't share the same fate — or for that matter, the mall itself. "When there is a store closing it provides an opportunity to bring new tenants to Muncie Mall.
'"Not all customers will have a simple time adjusting if the mall closes.
Muncie Mall is an enclosed shopping mall in Muncie, Indiana.Opened in 1970, the mall's anchor stores are JCPenney, Shoe Dept. Charlotte Russe holds a store closing sale at the Muncie Mall.A security gate blocks off an empty space at the Muncie Mall Tuesday.A man walks past the former site of Carson's at the Muncie Mall. MUNCIE, Ind.
He also covered higher education for the Omaha World-Herald, the Florida Times-Union and The Ledger in Lakeland, Florida.
"He said what might be saving the mall is that it's a hub for counties surrounding Muncie, such as Blackford, Jay and Randolph.
Encore has been in Old Navy's space since 2011, and a flea market has taken over the former Gap (and later Dressbarn) space. The mall is apparently leasing some of its parking lot space to potentially build another restaurant, according to signage.Gregory said when the Traders Village Expo, a marketplace of more than 100 vendors, fills the old Carson's space, the mall is more crowded. Muncie Mall is Northeast Indiana’s premier shopping destination. Bankrupt J.C. Penney plans to permanently shutter 154 stores across the U.S., with going-out-of-business sales set to begin at those locations on June 12.
Muncie Mall is an enclosed shopping mall in Muncie, Indiana.Opened in 1970, the mall has no anchor stores which used to be JCPenney Macy's, Carson's, and Sears.It is managed by The Woodmont Company. Todd Donati, director of the Muncie Redevelopment Commission, said he was in talks with mall officials as Sears and Carson's were holding liquidation sales, hoping to create a plan so the Muncie Mall wouldn't become an abandoned eyesore.
"It simply means they are handing it back to the lender because the expected return on the mall has dropped the value of their overall portfolio," Ball State University economist Michael Hicks said, "and it would be better to lose whatever equity they have in the asset than continue making payments to the lender." Other major tenants upon opening included a National Tea supermarket and Osco Drug.
Temperatures are in the 50s, giving shoppers more motivation to be out and about.There are a handful walking around this afternoon, though not enough to drown the music echoing through the mall speakers. In 2019, Ascena closed its nearly 650 Dressbarn stores, which now operate as an online-only business under new ownership.Store closing sales are expected to last between 30 to 60 days, the company said.
(Specific locations of these closings have not yet been announced.)
"Fort Wayne's really busy compared to this." With Americans’ income now likely shrinking, economists expect a drop in spending and a potential weakening of growth. Muncie Mall opened in 1970 with Britt's, W. T. Grant, and Sears as its anchor stores. Penney CEO Jill Soltau said the store closures will help it emerge from bankruptcy in a better financial position.
A new normal for reopening retailers 04:08. Then came the Great Recession, and mall visits significantly declined.
"As the Muncie Mall loses more stores, Stephanie Richards posts on Country Charm's social media to attract customers. The Macy’s at the Muncie Mall will close soon.
Pizza di Tony. A dynamic offering of things to do along with things to buy keeps guests engaged and returning often. "It’s not that right now it’s not profitable," he said. "So I think that we have to start getting ahead of this and try to figure out a way to keep that mall active and keep the stores that are in there in there. Andrews Jewelers.
Plus, the mall is where she spends time with her grandson, who enjoys the kid rides in the halls.Meanwhile, Sandy Gregory, Lutton's sister, is an avid mall walker. Encore, and Books-A-Million.There are 3 vacant anchor stores that were once Macy's, Carson's, and Sears.It is managed by The Woodmont Company.
Walk to the spot that up until last year held Sears, the mall’s first store, according to newspaper archives. She hopes other stores she loves don't share the same fate — or for that matter, the mall itself. "When there is a store closing it provides an opportunity to bring new tenants to Muncie Mall.
'"Not all customers will have a simple time adjusting if the mall closes.
Muncie Mall is an enclosed shopping mall in Muncie, Indiana.Opened in 1970, the mall's anchor stores are JCPenney, Shoe Dept. Charlotte Russe holds a store closing sale at the Muncie Mall.A security gate blocks off an empty space at the Muncie Mall Tuesday.A man walks past the former site of Carson's at the Muncie Mall. MUNCIE, Ind.
He also covered higher education for the Omaha World-Herald, the Florida Times-Union and The Ledger in Lakeland, Florida.
"He said what might be saving the mall is that it's a hub for counties surrounding Muncie, such as Blackford, Jay and Randolph.
Encore has been in Old Navy's space since 2011, and a flea market has taken over the former Gap (and later Dressbarn) space. The mall is apparently leasing some of its parking lot space to potentially build another restaurant, according to signage.Gregory said when the Traders Village Expo, a marketplace of more than 100 vendors, fills the old Carson's space, the mall is more crowded. Muncie Mall is Northeast Indiana’s premier shopping destination. Bankrupt J.C. Penney plans to permanently shutter 154 stores across the U.S., with going-out-of-business sales set to begin at those locations on June 12.
Muncie Mall is an enclosed shopping mall in Muncie, Indiana.Opened in 1970, the mall has no anchor stores which used to be JCPenney Macy's, Carson's, and Sears.It is managed by The Woodmont Company. Todd Donati, director of the Muncie Redevelopment Commission, said he was in talks with mall officials as Sears and Carson's were holding liquidation sales, hoping to create a plan so the Muncie Mall wouldn't become an abandoned eyesore.
"It simply means they are handing it back to the lender because the expected return on the mall has dropped the value of their overall portfolio," Ball State University economist Michael Hicks said, "and it would be better to lose whatever equity they have in the asset than continue making payments to the lender." Other major tenants upon opening included a National Tea supermarket and Osco Drug.
Temperatures are in the 50s, giving shoppers more motivation to be out and about.There are a handful walking around this afternoon, though not enough to drown the music echoing through the mall speakers. In 2019, Ascena closed its nearly 650 Dressbarn stores, which now operate as an online-only business under new ownership.Store closing sales are expected to last between 30 to 60 days, the company said.
(Specific locations of these closings have not yet been announced.)
"Fort Wayne's really busy compared to this." With Americans’ income now likely shrinking, economists expect a drop in spending and a potential weakening of growth. Muncie Mall opened in 1970 with Britt's, W. T. Grant, and Sears as its anchor stores. Penney CEO Jill Soltau said the store closures will help it emerge from bankruptcy in a better financial position.
A new normal for reopening retailers 04:08. Then came the Great Recession, and mall visits significantly declined.
"As the Muncie Mall loses more stores, Stephanie Richards posts on Country Charm's social media to attract customers. The Macy’s at the Muncie Mall will close soon.