On March 5, 2009, the Columbus City Center Mall officially closed its doors forever. A decade later, the mall’s successes and failures can still be felt in Downtown Columbus where retail business has struggled to regain the foothold lost when the mall went away, even though the Downtown residential population has continued to climb. “When […]
"The vast majority of traditional enclosed malls will need to be reinvented as something other than monolithic, single-use properties."
Holiday retail sales results are in. All retail sales (excluding autos, gasoline, and restaurants) increased four percent in November and December 2016 versus the same period in 2015, according to the National Retail Federation. There was a 13 percent increase in online sales, continuing a long-term trend of annual double-digit increases. Sales at clothing and […]
Only one new enclosed mall was built on American soil between 2005 and 2015 vs. 54 between 1995 and 2005. Over the past ten years, about 300 malls have closed in the United States (including Northland and City Center, locally), leaving about 1,200 nationally. Another 300 of those still open are considered to be troubled […]
Macy’s announced several weeks ago that it has plans to downsize brick-and-mortar operations with the closure of 100 of its stores across the country. The individual store locations have not yet been announced, and are expected to be released sometime in early 2017, just ahead of the closings dates. “Nearly all of the stores to […]
Last week, a group of local developers announced plans for Hamilton Quarter, a new 320-acre project just outside New Albany on the far northeast side of Columbus. Once built, the site will contain 700,000 square feet of office space, one million square feet of retail, and 930 units of apartments and senior housing. We reached […]
The formerly iconic Westland Mall may soon be no more. Officials from Franklin Township are currently discussing options with mall owners Plaza Properties, and all signs are pointing toward the eventual demolition of the building. Local retail strategist Chris Boring, owner of Boulevard Strategies, says that while expensive, demolition is likely the best course of action. He’s […]
IKEA is announcing today that Columbus will be getting its very own store in 2017, and local retail Analyst Chris Boring of Boulevard Strategies says that it is prime time for the Swedish company to expand into the Central Ohio market. “With just under two million residents, Columbus is the nation’s 32nd largest MSA, and […]