Typically, when a mall falls on hard times, it never recovers. They end up being torn down.
More Quotes from George Whalin:
E-tailing's on fire This is a banner year for online retail sales, ... The weather was an enormous factor for the big holiday sales numbers. The other factor is that consumers are much more comfortable using the Internet and they're appreciating the convenience of it.George Whalin
We're continuing to see retailers cite the weather for either making or breaking their sales numbers. Frankly, I think is an excuse tailored to satisfy Wall Street. Wall Street is a little more forgiving if a major retailer blames weather for disappointing sales.
George Whalin
Technological innovation always precedes demand. It's not necessarily what the market wants or is willing to adapt to,
George Whalin
The no. 1 domestic growth driver will be grocery. Wal-Mart has a lot of room to grow there. It's already the No. 1 grocer in Texas.
George Whalin
There was overall confidence in the consumer's mind, with jobs stable and gasoline prices going down.
George Whalin
They've got locations that Wal-Mart would die for. They're in visible locations in communities where people spend money. There's no reason this thing can't be turned around.
George Whalin
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