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Unformatted text preview: and draw customers in from more shops available 3. Concept change Pros:-Change of mall concept to suit customer taste and preference gives it a major competitive advantage. Draws more customers, opens opportunities, and increases traffic flow or retailers Cons:-Many mall tenants have to relocate how will that affect the mall?-Could take years to complete-Tailor to the aging population are they a group that would spend liberally?-Difficult to attract medical clients-Doesn’t address the short term issue of k-mart going dark 4. Partial demolition and concept change Pros:-doable if the investment is worth it in augmenting the mall net income-complete reconstruction of mall could bring new customers’ interest Cons:-results makes inv. Unworthy?-Difficult to implement, too many risks in the factors to be guaranteed a profit-Who will buy land?-How would k-mart pay land prices? Do they want to break lease?...
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- Fall '09