UBS Group AG analysts are sticking by a prediction that a fifth of shops in French shopping centers will be empty by 2023. Vacancies in French malls have reached 11.2 percent and are on a pace to meet UBS’s prediction from January 2018 for 20.6 percent by the end of 2023, analysts led by Charles […]
More than 4,300 stores are expected to close in 2019. Gap, JCPenney, and Victoria’s Secret announced more than 300 store closures over the course of 24 hours this week. Payless has said it plans to close all of its 2,500 stores in what could be the largest retail liquidation in history. The staggering rate of store closures that has rocked the […]
¿Vos te creés que todas las historias son exitosas? Pues andá sabiendo que lo habitual no es lo maravilloso, lo más frecuente es que el nieto haga trizas el milagro del abuelo. Casi todos los cuentos son de ida: un muchachito tiene una idea fantástica, la desarrolla en el garaje y poco después la empresa […]
Welcome to another episode of the Expedition Log Series! In episode 36, we go on a grand adventure through all parts of the infamous dead mall… Century III Mall in Pittsburgh, Pennsylvania. We also will discuss the philosophical idea that Charles Beaudelaire introduced in Les Fleurs des Mal of «Le Flaneur». This new social figure […]
Once a thriving mall, Rolling Acres in Akron, Ohio, is now a crumbling reminder of better days. Since 2010, more than two dozen enclosed shopping malls have been shuttered, and 60 more are on the brink, an analyst says. By Nelson D. Schwartz OWINGS MILLS, Md. — Inside the gleaming mall here on the Sunday before Christmas, […]
The US could be in for a lot more store closures. AP The United States still has far more retail space per capita than any other country. This suggests the US is still in the «early innings» of mass store closings, according to a new 50-page report by Cowen and Company. As more stores close, hundreds […]
More than 3,800 stores are closing in 2018. Walgreens, Toys R Us, and Gap are among the many retailers expected to shutter hundreds of stores this year. The record-high rate of store closures that rocked the retail industry last year has continued into 2018, with more than 3,800 closures expected this year, according to an analysis by Business Insider. […]
