The malls of America have seen better days. In the wake of the still-lingering economic downturn, vacancy rates at shopping centers — of both the “classic mall” and “strip mall” varieties — are at their highest levels since the twentieth century.
mall’s well that ends well
It’s one of the oldest dirty tricks in the books. You get people to go to your store by putting up a “closed” sign outside your competitor. And it’s a lesson allegedly learned by the folks at a mall in Queens, NY, where they’ve been caught putting official “no parking” signs on metered parking spots on surrounding public streets in an apparent move to get drivers into their parking garage.