A third of America’s malls are going to shut permanently by 2021, according to one former department store executive, as their demise is accelerated due to the coronavirus pandemic. A third of America’s malls will disappear by next year: Jan Kniffen
I’m just saying that with a little ingenuity we could go a long way to solving the country’s affordable housing problem if this really comes to pass.
The biggest retailers have grown tothe point they can’t be killed, unlike their smaller competitors.
Source: The coronavirus transforms retail into survival of the biggest – Axios
Never publicly shame retail workers. You’re telling on yourself that you’re a terrible person.
Source: Target shopper tries to shame worker — $31,000 later, it backfires in a big way – MarketWatch
Cool that they’re being repurposed as entertainment spaces, but what if these massive chunks of real estate were reimagined as low cost housing for the homeless and others on the verge of economic catastrophe?
Source: The year of the mall makeover – Axios
Bad news on a number of fronts, including the availability of entry-level jobs in communities.
Source: 2019 saw a dramatic spike in US retailers closing stores — Quartz
Amazon wants to put Walmart out of business just like it did smaller shops.
Source: Amazon reportedly plans bigger cashierless supermarkets for 2020 – The Verge