Department store anchors at malls face a new demographic of shoppers
The American middle class is disappearing, and with it, the mall anchor store.
The middle-of-the-road shopper, neither low-end nor high-end, who
in recent years has become elusive for shopping malls -- is the reason
Macy's, Sears, and J.C. Penney are shutting stores.
-- The number of households living below the poverty level has
doubled since 2008, according to the U.S. Department of Agriculture's
Food Stamp Program. With that, disposable income has decreased.
. . . more