Oxford mall facing foreclosure

Oxford’s Quintard Mall is facing foreclosure, which a spokeswoman says is due to a sluggish economy and competition from Internet retailers.

The owners and management of Quintard Mall are negotiating to resolve the problems.

Notice of the foreclosure was published in a legal advertisement Thursday. It lists three separate parcels of property, two of which may be owned by other entities but in which the mall’s owners may retain a financial stake, including a Dillard’s department store.

Malls across the nation have struggled in the wake of the 2008 recession and as more shoppers turn to the Internet, according to numerous press accounts.

The trend has resulted in hundreds of indoor shopping malls closing their doors and remaining empty for years. Books, photography blogs and websites now document the massive buildings as if they are relics.