"The vast majority of traditional enclosed malls will need to be reinvented as something other than monolithic, single-use properties."
Holiday retail sales results are in. All retail sales (excluding autos, gasoline, and restaurants) increased four percent in November and December 2016 versus the same period in 2015, according to the National Retail Federation. There was a 13 percent increase in online sales, continuing a long-term trend of annual double-digit increases. Sales at clothing and […]
Only one new enclosed mall was built on American soil between 2005 and 2015 vs. 54 between 1995 and 2005. Over the past ten years, about 300 malls have closed in the United States (including Northland and City Center, locally), leaving about 1,200 nationally. Another 300 of those still open are considered to be troubled […]