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KB Toys and such wouldn't have closed down in malls if they were still turning a profit.
Where malls may or may not have gone wrong, I think, is in allowing that to happen. There should always be a reputable toy store and bookstore in any mall, and some kind of "activity center" whether it's an arcade or whatnot... I think we can all agree on that. Where malls could possibly have stepped in is in possibly giving incentives for those toy stores, bookstores, etc., to stay open. i.e., offer discounted leasing contingent on those stores hitting less-than-favorable profit margins. Because when those stores go away, everybody goes away. And has. I feel like instead of shifting with the times and allowing for more affordable leasing options, malls like ones owned by Westfield and such, just kept jacking up their rates regardless.
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