Hickory Ridge Mall may be facing tough times - WMC Action News 5 - Memphis, Tennessee

Hickory Ridge Mall may be facing tough times

With the exception of a day-care, Furniture King is the only tenant at one Hickory Hill shopping center. Most of the stores, both big and small, have moved out.

"Things have changed over a period of time," says manager Donald Moore.

More changes are on the way across the street. Big-time department store Dillard's is pulling out of Hickory Ridge Mall. It's news that shocks many long-time shoppers.

"It's disappointing to hear," says one shopper.

Some fear it may be a sign of things to come.

"Like all the other malls--they're going down," says another shopper.

The folks at Dillard's aren't saying much, other than confirming they're closing this store and saying other retail opportunities have arisen. Two so-called "lifestyle centers" in Collierville and Southaven are among those opportunities. Dillard's will open stores at both outdoor malls. In fact, the name is already up at "The Avenue Carriage Crossing" in Collierville.

"We like to think of it as our gain--but hate to see anyone have a loss," says Collierville Mayor Linda Kerley.

Kerley says major anchors are needed to make shopping developments work. This one is costing some $100-million.

Kerley believes Dillard's is just following the dollars.

"They have to go where the economics force is and where they're going to be successful," says Kerley.

But others haven't given up on Hickory Hill or its indoor mall. They're confident there are still customers with ready-cash.

"No businesses want to take the risk to come back and find out, you know," says Moore.

Dillard's is expected to close its doors here at Hickory Ridge Mall in October. The chain previously pulled out of Raleigh Springs Mall. A spokesperson tells us stores at Oak Court Mall and Wolfchase Galleria are safe, for now.

 

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