MM, we have one mall currently circling the drain. YEARS ago when I worked retail there were 3 malls within about a 5 mile radius. Prestonwood, Galleria, and Valley View. Prestonwood went first. Eventually they tore it down, and now it is a strip center with a book store, a shoe store, I think an Ulta cosmetics store, stuff like that.
Valley View is the next to go. They have lost all their anchors except Sears and Penneys. The majority of national chains have also pulled out, leaving a really weird mix of local shops and very little else. It is also not a mall where I would feel safe after dark. They even lost their McDonald's and Chik Fil A, which I have never seen happen in a mall before. The Sears isn't carrying Lands End merchandise anymore so I am finished with that mall.
Galleria is holding on pretty well. I think a lot of tourists go there because it is connected to the Westin. It has Nordstrom and Macy's, plus Gap, Banana, and Old Navy where another anchor used to be. It has a mix of high end and national chains. We were there yesterday and found a bunch of stuff on sale at American Eagle for DS. They also have a BIG "American Girl" doll store.
NorthPark has a lot of high end shops, and some of them are the only location in the SW or even in the US. I live across the street so I go there all the time. The parking lot is packed on a regular basis, so they appear to be doing well.
We also have Collin Creek that is an older mall and maybe not doing very well.
More north we have Willow Bend which was SUPPOSED to be all high end but that didn't work out for them. Last time I was there they had Payless shoes, a low cost dental clinic, and some other interesting tenants. I guess they have abandoned the idea of high end and are just hoping to survive.
Stonebriar is WAY north so if we go there it is like a field trip. But it's a nice mall.