Paul, with the Sears store in the Fargo Mall closing I've learned a few things I didn't know about malls. When they started the big store, Sears, Penny's ECT were the drawing cards. They got cheap leases compared to the smaller stores because they were the stores that drew customers in. Jump forward a couple of generations of shoppers and wants, needs and most important spending power changes. When they built the mall in Fergus Falls the to stores that were the draw or anchor stores was Woolworth's and Penny's. Woolworth failed a couple of decades ago and Penny's pulled out a few years ago. The mall is 1/2 gone to make way for a Home Depot and the other 1/2 isn't near full. The big draws there now are Dunham Sports, the Dollar Tree and Herbergure's. Not looking good at all! About 15 years ago Wal Mart was worried. Most of their regular shoppers were older and starting to die off. And they were not catering to the younger crowd. So unless the retailers can react to ever changing customers they will come and go. Another market change besides online shopping is that people are willing to travel a ways to shop. 40 years ago most people here wouldn't drive 90 miles to Fargo to shop. Heck most of the time they wouldn't drive 25 miles to shop in Fergus. We got one or 2 locals here now who commute 90 miles to Fargo daily to work! The teens and younger folks think nothing of going to Fargo. Between them and online anything in between is feeling the pinch! Will the malls die? I think in the long run they will be OK but they better get their ducks in a row.
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Today's Featured Article - Show Coverage: The Old Gold National Antique Tractor Show - by Cindy Ladage. Over the fourth of July weekend, the Illinois State Fairgrounds in Springfield, Illinois, was the site of the Old Gold National Antique Tractor Show. Tractors of all makes and models were displayed and separted into categories by their age. Deere, Oliver and even a Wards and Keck Gonerman were part of the crowd. A sea of red International Harvester's seemed to be the the model with the biggest showing. The crowd was decent for the scorching July heat. The opening day started o
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