Photos from the retail apocalypse


Visits to malls declined by 50% from 2010 to 2013Click to enlarge

The retail apocalypse has descended on America.

❝ More than 3,800 store s are expected to close across the country this year. Department stores like Macy’s, Sears, and JCPenney, and retailers including Toys R Us, BCBG, Abercrombie & Fitch, and Bebe have decided to close dozens of stores.

A new survey by commercial real estate company Reis found that malls are emptier than they have been since 2012…The vacancy rate in regional and super-regional malls hit 8.6% in the second quarter, up from 8.4% in the prior quarter.

❝ With vacancy rates continuing to rise, walking through a mall in 2018 is like walking through a graveyard.

Not a big fan of Business Insider. They’re often guilty of letting demented editors title articles as if they were written by click-bait pimps. I’m likely to skip a noteworthy article because of obvious overblown presentation. This piece is an exception.

2 thoughts on “Photos from the retail apocalypse

  1. Mallrat says:

    “What Does the Future Hold for Pennsylvania’s Dying Malls?” https://www.pennlive.com/news/2018/09/future_of_dying_malls_pennsylv.html Department stores shed some 500,000 jobs since 2002, according to the U.S. Bureau of Labor Statistics.
    “Sears Holding’s recent report of second quarter 2018 sales was scary. The closing of 382 stores since last year’s second quarter, and the proposed closing of 46 more stores, is a stark reminder that the management is winding down the operation. There are now 360 Kmart stores and 506 Sears Roebuck stores in operation. In contrast, in 2005, there were about 1,600 Kmart stores and 2,300 Sears brand stores in operation.” https://www.forbes.com/sites/walterloeb/2018/09/17/sears-downsizing-is-scary/#51401ba13ac2
    “The Government May Want to Buy Your Dying Mall : Local governments worry that dying malls will blight the landscape, so they are buying them up” https://www.wsj.com/articles/the-government-may-want-to-buy-your-dying-mall-1536663601
    “America’s malls are dying. Owners are hoping virtual reality and fitness centers will save them” http://www.latimes.com/business/la-fi-malls-revival-20180911-story.html

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