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Deck the Malls - The Dollar Stretcher
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Deck the Malls

Left work a little early and made my annual visit to the mall yesterday. Our local mall is about average sized. Three main anchor stores (Sears, Penney's and Macy's). Not one of these huge megamalls, but still not small.

As you'd expect there were Christmas carols playing in the background and the mall was decorated in winter finery (even in Florida we appreciate fake snow!). But there was one thing missing...shoppers. Granted it was 5 pm on a Wednesday, but you'd expect there to be some shoppers bagging holiday bargains a mere two weeks before Christmas.

I admit I don't know what to make of this. According to CNN "black Friday" sales were up 2.2% from last year. At the same time the International Council of Shopping Centers reported that November 2008 sales figures were the weakest in 35 years.

It could just be that our local mall has become obsolete. There are much larger malls half an hour's drive north and south. Like many shoppers, I buy most of my Christmas gifts online. And, when I don't buy online, often I'm looking for personalized help, so I shop at the much smaller mom and pop shops that tend to be in smaller shopping centers.

I'd love to hear what you see happening this holiday shopping season. Please drop me an email.

Published Dec 11 2008, 09:44 AM by Gary
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Money, Stock and Finance » Blog Archive » Deck the Malls - the Dollar Stretcher said:

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December 11, 2008 10:37 PM
 

agent see said:

I pass a mall on my way to work along with Toys R Us. The parking lots have been very lean looking. Toys R Us was full when their Christmas paper came out but slimmed down after that. While there is shopping, the traffic hasn't become so clogged that I  haven't need to switch my route to work.

December 14, 2008 10:38 AM
 

countrymom said:

I, too was surprised to see the same thing where I live.  The one mall nearest my home is 30 minutes away and has just lost it's Mervyn's to bankruptcy.  I thought maybe we'd find a few bargains at Mervyn's but I discovered as my DH put it inventory has been 'reduced' to regular price.

The mall was not feeling festive at all.  it was filled with echos and a sparse person or few.  It's a sad situation.

December 16, 2008 8:05 PM

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About Gary

For more than 25 years, Gary Foreman has worked to manage money effectively. Prior to starting The Dollar Stretcher, he was a financial planner and purchasing manager. While helping clients manage their hard earned money as a financial planner, he applied commonsense, time-tested techniques during the turbulent 1980’s. The experience convinced him that you didn’t need to hit the lottery to accumulate significant wealth. Following that, Gary had an opportunity to learn more about how to get the best value for a dollar spent in the corporate world. As the Purchasing Manager for a computer manufacturer, he was responsible for supervising over $10 million in annual purchases. Gary began The Dollar Stretcher website <www.TheDollarStretcher.com> and newsletters in April 1996. Over 300,000 readers benefit from the time and money saving ideas presented in The Dollar Stretcher newsletters each week. His mission is to help people "Live Better for Less". He also provides private label newsletters for companies wishing to provide money saving information for their clients and/or prospects. Gary lives in Florida along with his wife of thirty years and their two children. Much of his time is spent working with the men's ministry of his church. One of their ongoing projects is the "Holy Smoke BBQ" which sells bbq on Friday nights with the profits going to support local foster kids and orphans. When he has a free moment you’ll find him restoring a Checker station wagon nicknamed “Two Ton” or cruising in a '65 Impala SS Convertible with doo-wops playing in the background.

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Gary is a former financial planner and purchasing manager who edits The Dollar Stretcher website <www.stretcher.com> and newsletters. You can follow Gary on Twitter.com/gary_foreman
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