While the nationwide retail apocalypse has led to lost jobs and terrible liquidation sales, there’s one piece of good news for consumers and for the companies that own malls. As old-fashioned anchors like Sears and JCPenney move out, more diverse stores, restaurants, and entertainment venues are moving in, and they’re paying much higher rents. [More]
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What Killed The Malls Of The ’70s & ’80s? Newer, Better Malls, Not Amazon
Why are American malls dying? Conventional wisdom often points the finger of blame at Amazon and a desire for shopping from home in your pajamas, but a new analysis claims that the real culprit is competition from newer, better malls that aren’t feeling the same pain as their withering forefathers. [More]