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Fro-yo girl here. A couple of months ago, I wrote about how there were three fro-yo shops at the Great Mall (in Milpitas, CA). I found three in New Park Mall too (in Newark, CA). The Great Mall is huge and really crowded, so I can maybe see having two fro-yo shops there. But New Park Mall is a small mall in serious decline. I don't understand what the owner of the second shop is thinking and the owner of the third shop is wildly optimistic. I can't think of too many malls that are busy enough year-round to support that many fro-yo shops.
You could argue that only Orange Tree in New Park Mall is the only pure fro-yo shop. Good Luck Yogurt Shop sometimes has fro-yo and sometimes does not (you'd think with a name like Good Luck Yogurt Shop, they would always have yogurt). The third shop has sandwiches, smoothies, ice cream and fro-yo.
Will San Francisco Westfield Centre and Westfield Valley Fair be able to support three fro-yo shops? Time will tell.
You know you love me. X0 X0, fro-yo girl.