Economics
If Retail Is Dying, Why Is Money Pouring Into Malls?
The internet will win someday, but for now your in-real-life shopping experience is getting an upgrade.
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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.