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As other malls die, Tysons Galleria has best year ever
Posted by: WaPo-Capital Business ()
Date: September 03, 2013 08:37PM

mallchart.jpg

By Jonathan O'Connell, Tuesday, September 3, 11:31 AM

The list of malls in the Washington area that are either being torn down or remade into something completely different is steadily growing.

Landover Mall has been demolished (only a Sears remains). Springfield Mall has also been demolished and is being turned into a more modern shopping plaza with a focus on restaurants. The owners of White Flint Mall have begun making changes and would like to make more if not for a lawsuit from Lord & Taylor, which doesn’t much like the plans. Landmark Mall is primed to be remade into a town center.As many of the above examples demonstrate, turning a mall into something else isn’t easy. Which suits Tysons Galleria — home to Cartier, Emporio Armani, Gucci, Hugo Boss and Louis Vuitton — just fine.

While other malls are dying on the vine, Tysons Galleria is having its best year ever. Its average sales per square foot for the first half of the year is $973, according to the ratings agency Morningstar, more than double the industry average for last year of around $450.

Not only is the mall on pace to crush its average sales from last year ($868) but its sales from 2007, before the economy collapsed ($848). It is also beating what Morningstar estimates are the average sales per square foot at the Fashion Center at Pentagon City ($950), Tysons Corner Center ($835), Fair Oaks Mall ($615) and Westfield-Montgomery Mall ($600).

Continued... http://www.washingtonpost.com/business/capitalbusiness/tysons-galleria-enjoying-its-best-year-ever-as-other-malls-die/2013/09/03/e5bd5380-1183-11e3-85b6-d27422650fd5_story.html

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: So 1990s ()
Date: September 03, 2013 09:27PM

I haven't been in a mall in probably 15 years. Longer for Tysons.

Actually, I have to qualify that. I ordered something through Sear's web site and picked it up at Landmark but technically I didn't go into the mall.

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: petuniatamiflutoyou ()
Date: September 03, 2013 09:51PM

Many people who assume they are Middle Class are actually working class. No matter, the evisceration of the Middle Class in Amurika began about 40 years ago and is well underway.

The upper 5 % by income owns something like 85 % of the financial wealth. Their mall is Tyson's Galleria, which will survive after the others become boarded up homeless encampments.

But the hoi polloi can still go there to window shop, to ogle things they cannot dream of buying.

If you buy for cash, and own what you buy free and clear, you are miles ahead of most people no matter which mall you patronize. A glamour brand named debt serf is still a debt serf.

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: unfairfax ()
Date: September 04, 2013 07:05AM

Paying $300 for jeans just because they have some designer's name on the back.

Paying $600 for a purse....$1000 for a pair of heels....the rich people can keep all that!


I will gladly rock my $40 levi's from potomac mills and take the other $260 and have a nice night on the town or something...or invest it somewhere! I won't go TOO low though- walmart jeans you will be buying very 6 months they wear so fast....so invest in a good pair of levi's or something and call it a day. Why does my ass have to have a big 'polo' on the back or say 'juicy' or whatever the hot shit is now...If i want you looking at my ass my pants would be off! LOL.

I'll be that millionare in a honda civic- they can push their benz, live in some luxury condo, go out drinking every night and rock their polo jeans but have $-0- in the bank and are living off credit cards....

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: mantutian ()
Date: September 04, 2013 09:11AM

The last time I went there all I saw was 'new-money' minorities and vulgar Fairfaxians. It is a clever trap for this sort.

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: Cougar Hunter ()
Date: September 04, 2013 09:21AM

Say what you will about Tysons Galleria, but it is a great place to meet mid 30s to early 40s women looking for a mid-day hook up. Now that school is back in session, its a perfect time to go there (late morning or early afternoon are best) and find a MILF looking for action. I have been successful every time I have gone there. Good pick up spots for me are Williams Sonoma and Sur La Table, but I have also had success at Nieman Marcus and Saks.

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: Largo Crew ()
Date: September 04, 2013 09:35AM

Wait till the silver line comes to town. It will look like Foreman Mills in a couple of years.

cracker out!

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: Hate kiosks ()
Date: September 09, 2013 09:28PM

I cannot stand those free standing kiosk people trying to make conversation so you will try their finger nail cream or whatever ... It feels the same as homeless people bothering you on the sidewalks or in parking lots. I know it is in a retail setting, but I avoid stores with these kiosks near them. So the regular store is possibly loosing a customer.

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Re: As other malls die, Tysons Galleria has best year ever
Posted by: Dead Malls. ()
Date: September 09, 2013 11:25PM

Interesting tidbit in there: "Springfield Mall has also been demolished and is being turned into a more modern shopping plaza with a focus on restaurants."

Oh, really? Sounds like yet another shift in what is supposed go into that hellhole.

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