Thursday, March 12, 2020

Coronavirus Crisis Comes At A Bad Time For U.S. Shopping Malls

bisnow.com
The once-bustling corridors of American shopping malls have already suffered from slowing sales, and the coronavirus outbreak threatens to turn retail properties across the country into ghost towns as consumers shy away from large public places.

"We would consider [retail] to be very vulnerable at this time," said CoStar Senior Analyst Kevin Cody, a researcher specializing in the retail sector. "It was already vulnerable before with many retailers struggling.". . . more