You are right.
Wherever ikea there, the mall will also doing well.
Just look at mega bangna in Bangkok ...

Many people still insist go to MV, existing malls despite many new mall opened recently

Yesterday decided to go to MyTown to have a look, and what a big regret it is.

- A lot of escalator to/from parking spoiled / stopped. Everywhere you can see people climbing the escalator.

- Too little lift, causing all the lift to be jam packed. Kesianlah parents who use stroller.

-  Lift got weird metal scrubbing noise. Feels unsafe.

- Toilet dirty and floor is wet.

- Hot and humid, especially at the UG floor.

- I think the mall got acoustic problem, cause there is noisy background echo everywhere.

- You can see the construction cleanup is not complete, with some place got loose dried cement on the floor.

- There is not enough floor indicator at the pillars. The floor indicator (i.e. 6th Floor) is only affixed on some pillar and not all. Even the door at each parking escalator didn't identified which floor it is. This makes first timer going there have to look around to find out which floor he is in.

- Worst parking ever!  Took me 1 hour plus from 6th floor parking to ground floor. There is a lot of bottle neck on the way out of the parking, some requires you to drive like a snake, and along the exit, cars exiting keep joining the already jam packed queue. Then when you reach the spiral exit, cars from others floor also join together creating a stupidly long bottleneck. And the guards there have ZERO idea on traffic management, just keep waving their hand and blowing whistle.

- Car park exits to unfinished road. I am literally driving on uneven gravel when I exited the car park. I am not lost, and this is where the guards directed me to, as well as hundreds of other cars!

- Even from outside going to the car park, you have to figure where, because of insufficient sign boards. Then you realise the entrance to the car park is located way back at the mall.

VERDICT ? Not going there again!         
EDIT : With FB comments from their page.

Its the sign of times. Department store is the sunset business.

Many of those online shoppers will mourn when dept stores only featured in Museum or novelty shop.

Shopping mall and departmental stores are different properties.

Pls learn icey.

Mango already closed? Anyone knows?

Seems like many of the tenants already closed down.. mph, giordano, godiva, chaps, esprit, tomei, cake house, cellini, etc... lots of hoardings on 1st and 2nd floor..