Many stores are leaving the Fingerlakes Mall because, as of 2015, the mall is still suffering from the effects of the Great Recession, according to AuburnPub.com. The closing of the mall's theatre in 2012 and the closing of its Sears in 2014 also reduced the amount of customers, leading to more closed stores.Continue Reading
AuburnPub.com also cites the emerging popularity of online retailers during the Great Recession as a reason the mall is losing customers. In 2007, Fingerlakes Crossing, a shopping plaza, opened near Fingerlakes Mall, creating further competition for the struggling mall. While some of the store closings were the result of parent companies going out of business and were unavoidable, others were caused by failed lease negotiations between the store and mall owners. Some sources blame mall management, which has changed hands many times since the beginning of the Great Recession, for the mall's trouble.
Despite the problems with stores leaving Fingerlakes Mall, it still has a number of popular stores that continue to bring in traffic. As of 2015, the mall is home to a Bass Pro Shop, Claire's, JCPenney, JoAnn Fabrics and Game Stop, as well as some restaurants and other stores. The mall also has a new theatre and event center.Learn more about Corporations