Greg's Corner

Can supermarkets save the mall?

We’ve discussed the decline of the American mall many times before. Thanks to all in one retailers like Wal-Mart and giant online sites like Amazon, mall after mall have been shutting their mirrored doors in the wake of these giant merchants. It almost seems like the only use for malls anymore are for YouTubers to explore dead malls.

Now, the San Francisco Gate is reporting a new trend of supermarkets moving into mall space. While items like electronics are now mostly ordered online, most consumers still like to make food purchases at the store. Could this new trend make it more convenient and give consumers more choices for their groceries? Maybe not.

As the old adage goes, the three most important things in real estate is location, location, location. Unfortunately, the old malls tend to have terrible locations. They were originally designed to be destinations in themselves and supermarkets depend more on convenience, like picking up a few things on your way home from work. To drive off of your commute and pull into an old mall parking lot, then driving around the mall to wherever the supermarket is located turns a quick stop into a major chore.