How to know your economy is really, really in trouble:
Shopping malls are in for a tough year as a sour economy closes a record number of stores, possibly bringing dramatic changes to some Indianapolis retail centers.
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Many traditional malls have had to reinvent themselves, but it's not just older, enclosed centers that are suffering from the recent rash of store closings. Open-air lifestyle center Clay Terrace in Carmel also has been hit.
This year the mall lost Bombay, Circuit City, Kid's Corner and Memoirs, a scrapbooking store.
"People in Carmel have money to spend, but even they seem to be cutting back," said Shelia Gintley, who lives in Carmel and visits Clay Terrace weekly. "I think when you see something like this happening in Carmel, that is proof it has to be happening everywhere."
They've even stopped scrapp
