Tsunami of retail store closings expected to hit US, hurt malls – Business Insider

Tsunami of retail store closings expected to hit US, hurt malls – Business Insider

When combined with last year’s record-high store closings, an even higher rate of closings in 2018 would push hundreds of low-performing shopping malls to the brink of death.

The commercial real estate firm CoStar has estimated that nearly a quarter of malls in the US, or roughly 310 of the nation’s 1,300 shopping malls, are at high risk of losing an anchor tenant.

via Tsunami of retail store closings expected to hit US, hurt malls – Business Insider

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