Retail News

Up to one in four malls to close over next five years

Los Angeles Times 05/31/2017

Between 20 percent and 25 percent of the shopping malls in the U.S. will close over the next five years if a new report by Credit Suisse proves correct. The investment firm expects the malls to close as more retails sales shift online. Credit Suisse expects e-commerce to make up 35 percent of all sales by 2030, up from 17 percent today.

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