Nicxie
JF-Expert Member
- Jun 20, 2017
- 20,609
- 15,712
This is what's called shooting oneself in the leg. Were you not trying to dispute my statement that the presence of malls is an indication of a growing middle-class population? If that's what you were trying to dispute then what's the correlation between malls closing in the US and the existence of the middle-class population there? Does it mean that malls in the US are closing because the middle class population is shrinking? Or are there some other reasons?... you brought it up, saying the number of malls indicate how well the middle class is doing, So I challenged you, by showing there is no correlation between the two. IKEA is not a mall BTW, it's a department store.
Like you were already told, malls in the US are closing because of a myriad of reasons. Covid could just be one of them but one of the major reasons could be that people are perhaps embracing online shopping as opposed to visiting physical stores. There could be a million reasons for that so this is just an example.
Secondly, I already told you that the economic models of the US and Kenya are totally different. While malls in the US could be closing up as you say, those in Kenya are expanding and many more are still in the pipeline. Demand determines supply so the simple fact that malls are on the increase in Nairobi and Kenya in general means there's demand.
If you find a good reason why malls in the US are closing then come back but this one you flaunting here am not buying


