![]() ![]() This situation does not come close to a “retail apocalypse,” as reported in a recent article in this series, yet department store anchors and apparel tenants of regional malls are closing at an alarming rate.Īs a result, analysts estimate that as many as 300 enclosed US malls are likely to close in the next half decade. The retail industry is going through major upheaval. This is one of a series of ongoing Public Square articles on the market, technological, and cultural transformation of the $5 trillion retail industry-and how it relates to a continued shift toward walkable, urban living.
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