You are here: Home » International » News » Companies
Business Standard

If retail is dying, why is money pouring into malls?

Builders have been especially busy working on malls, spending $404 million in April

Bloomberg 

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 $1.6 billion in June, the largest ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, August 09 2017. 22:43 IST
RECOMMENDED FOR YOU