Closure of Bloomingdale's unlikely to hurt Mall of America, says UST's Brennan.
Wednesday, January 4, 2012
The Bloomingdale's at Mall of America is closing, and Institute for Retailing Excellence co-director Dave Brennan talked to a number of Twin Cities media outlets about the likely causes and impacts of the closure.
He told the Minneapolis/St. Paul Business Journal that the closure was unlikely to be a major problem for the Mall of America, as Bloomingdale's was "a weak anchor."
In a Pioneer Press article about the coming rearrangement at the mall, Brennan places the closure in the wider contect of a broad decline for traditonal department stores.
A StarTribune PointOfSale blog post speculates that metro-area frugality caused a mismatch with the higher-end Bloomingdale's, and Brennan weighs in to discuss the idea, saying that Twin Cities shoppers are "falling back" from upscale stores.
Finally, a second Minneapolis/St. Paul Business Journal article cites Brennan in its speculation that the upscale department store Von Maur might be moving into the newly-vacated space.
Originally published: 01/04/2012, Minneapolis/St. Paul Business Journal