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“Get In Loser! We’re Going Shopping!”: Checking in on US Malls
In honor of Mean Girls Day, economist and CMBS expert Matt Reidy covers the state of US malls, including retail sales data, changing shopper preferences, and his outlook for the future of the retail sector.
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Retail Dive – Can Retailers Break Up With the Malls?
To date U.S. retailers have announced 7,426 store closures and 3,039 openings, compared to 5,864 closures and 3,258 openings last year.
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Reuters – U.S. retail vacancies rise marginally in fourth quarter: REIS
U.S. Retail vacancies inched higher in the fourth quarter, underscoring how the Retail sector has withstood many store closures across the country.