The OLD mall is dying, and I'm glad!

TUE, JUL 16, 2019

YOUR AFTERNOON NEWS UPDATE AND MARKET ACTION FROM CNBC

AS OF TUE, JUL 16, 2019 • 12:15 ET

DJIA		27316.97
		-0.15%	-42.19

S&P 500		3004.77
		-0.32%	-9.53

NASDAQ		8217.46
		-0.49%	-40.73

EDITOR'S NOTE

I have fallen back in love with the mall.

Did you know you can ride a motorized panda scooter around the mall with your kids now?? $8 for eight minutes. I'll happily pay up for that.

That same mall now has a Target and a Whole Foods, and free music classes for babies that we stumbled upon by some stroke of providence yesterday.

There's a different mall nearby that's also in the midst of a renaissance. Guess what's going up in place of the Sears that closed? Stew Leonard's. I can't wait! I feel like I've won the lottery!

I say all this because we are seeing an acceleration of retail store closures this year--the tally could top 12,000. As Lauren Thomas noted yesterday, that would easily be a new record.

I'm not trying to diminish the pain that comes with these closures, obviously. But I am all for the creative destruction that's taking place as new types of stores, restaurants, and services take the place of older ones that have fallen out of favor.

The old mall is dying, and I love the new one that's taking it place.

Have a great day!

Kelly

Kelly Evans

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