If you are one of those people who thinks America’s retail industry is doing just fine, well, there are three possibilities: You’ve been living under a rock; you think Amazon refers to a South American river; or you’re a real estate developer. As everything from once-mighty department stores to niche clothing chains announce plans to shutter hundreds of locations, and retailers file for bankruptcies at a record pace, builders are pouring growing sums into retail projects. Across the country, construction spending on shopping centres topped ...
If retail is dying, why is money pouring into malls?
Builders have been especially busy working on malls, spending $404 million in April
Bloomberg Last Updated at August 9, 2017 23:23 IST