Originally Posted by
Patrick
I think the problem is the way the mall is managed. Management wants it to be a family-friendly place with family-oriented stores. That means midle-scale stores. That's all good and fine, but it leaves it competing with Wal-Mart, and that doesn't bode well for an environment where the middle class is shrinking and flocking to Wal-Mart and Target. Management is set to run the mall on the level of JC Penney, but they need to aim more upscale if they plan to compete.
I agree that the Dillards and Macy's stores at QS are depressing. But, the reason they haven't renovated their stores is because sales are so much less there than at Penn that it doesn't warrant a remodel. Overall, the mall has about half or less of the stores as Penn. The same store at pen will have double to triple the sales as the same store at Quail. That being said, I think Von Maur will only help QS, but unless management changes their philosophy, don't expect it to compete with PS.
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