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Many time-honored shopping malls are facing bankruptcy, but there are two main reasons why these time-honored shopping malls can't work. First of all, the rise of the Internet industry has put many established shopping malls in a great test. Second, in terms of shopping malls, new shopping malls will open, which will have an impact on some old shopping malls.

First, the development of the Internet industry has made old shopping malls lose their geographical advantages. In the past, many old shopping malls were generally built in the city center, and most of them were in the most favorable places in the downtown commercial street. However, over the years, the continuous development of the Internet industry and the rise of the e-commerce industry have completely turned the geographical advantages of these established shopping malls into a major disadvantage. Because most of the old shopping malls are located in the center of the city, however, in the center, although there are many passengers, the prices in the center are expensive, which directly leads to high commodity prices in the old shopping malls. In the end, old shopping malls can't survive in the environment of e-commerce industry. In addition, the current Internet industry is changing very fast, which is a rhythm that some established physical department stores simply can't keep up with.

Second, new shopping malls keep opening. Many old shopping malls are facing closure, mainly because in the shopping mall industry, with the migration of urban centers, new shopping malls will continue to open. The opening of these new shopping malls is a huge impact on the established shopping malls. After all, it can attract many passengers to a certain extent. Because the new shopping malls will be smarter than some old shopping malls in terms of equipment and cost. The most important thing is that new shopping malls are constantly opening, and consumers are easily diverted. Finally, the flow of people in the old shopping mall was greatly reduced, because everyone likes the new and hates the old.

Third, summary? All in all, the reason why the old shopping malls will face bankruptcy is mainly because the new shopping malls will continue to open, and the development of the Internet e-commerce industry will also have a certain impact on the old shopping malls. A combination of various factors eventually led to the closure of many established shopping malls.