Friday, October 4, 2019

US shopping mall vacancies hit eight-year high

Boston Business Journal
Vacancies in US shopping malls have hit an eight-year high but new data show that some areas are coping with the retail upheaval far better than others and the gap is widening.

The signs of difficulty in local retail property markets come as landlords brace for a wave of store closures following the bankruptcy of Forever 21 this week. The fast-fashion retailer, which has 32,800 employees globally, has earmarked 178 locations for closure across the US. . . . more