Is This A Sign Of Troubled Times In Ventura County?
- Written by Mana Tulberg
- Posted January 20, 2009 at 7:28 pm
For as long as I can remember McDonald has been a prominent fast-food restaurant and feature at at the Oaks Mall in Thousand Oaks, Ventura County.
On December of 2008, the McDonald located at the upper west end level of the Oaks Mall stopped serving the mall goers permanently. The high cost of rent and drop in sales were some of the explanations given to the Oaks Mall shoppers. Apparently, the long lines at this McDonald location were getting shorter and shorter as Ventura County residents were becoming less and less certain about the state of the country’s economy.
What do you think, mis-management or signs of bad economy?
Filed under:
Reflection, Ventura County
It’s a sign of a bad economy. McDonald’s is one of the few corporate giants who will fare well in the current environment. They offer a product that is still affordable for almost everyone. The closing in the report is most likely due to significantly reduced mall traffic, not bad management on McDonalds’ part. Other mall restaurants are probably experiencing similar slowdowns.