Found 1 blog entry tagged as mall development.

flickr user Steven Straiton

All over the country, we hear talk of the “retail apocalypse.” Brands that once thrived, from Wet Seal to Borders, have closed their doors for good. Generations-long Staples like Sears, Macy’s, Sam’s Club, and JC Penny continue to shutter stores nationwide to avoid bankruptcy.

These once powerful chains have buckled from competition against online retailers. In many cases it’s impossible to match the lower prices and convenience of Amazon and other online shops. 

The retail apocalypse officially reigned in during 2016 when major retailers closed thousands of stores across the country. But the seeds were sown long before that year. Brick and mortar stores have been feeling the pressure increasing for a long time along with the rising popularity…

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