Over the past year, the retail industry has been in a downward spiral. A lot of U.S. malls saw a decline in occupancy rates of many different stores over the past two years. Many retailers like Sears SHLD and Claire's shut down many of their stores, leaving commercial retail estate in the dirt. However, many shop owners and companies believe that this year the retail industry will make a comeback.
What Exactly Happened?
With the rise of e-commerce and online retailers, the decline of brick-and-mortar stores as well as the importance of shopping malls started to lose popularity amongst consumers. Over the past few years, shopping from places like Amazon AMZN and Warby Parker have become a more comfortable option. According to The Atlantic , Amazon's sales for North America alone increased from $16 billion to $80 billion between 2010 and 2017.. . . more