Storefronts right Well despite these efforts mass closures of underperforming stores has become the norm over the last decade or so. As a result mall owners have been forced to play high-stakes musical chairs in order to keep stores occupied. In 2021 Business Insider reported that “Roughly 80000 stores are doomed to close in the next 5 years” calling this trend the “retail apocalypse”. Not only have shoppers lost interest in shopping malls but stores have too. COVID-19 Further Changed the Way We ShopGiven that malls were already having.
A rough time before 2020 the mandatory global shutdowns didn’t help. For many brands Belize WhatsApp Number or shopping centers these shutdowns were the final nail in the coffin so to speak. Convenient and safe online shopping experienced quite the boom. To keep up with e-commerce giant Amazon other big-name retailers like Target and Walmart started offering free two-day shipping too. In short the cards are really stacked against in-person shopping centers. In 2020 malls hit a record closing rate — roughly 15% — and that rate shows no signs of slowing. In fact Coresight .
Research estimates that 25% of America’s roughly 1000 malls will close over the next few years. Clearly the COVID-19 pandemic accelerated a process that has been well underway. But retail spaces aren’t the only in-person facilities feeling this post-COVID shift. CNBC reports that Moody’s Analytics REIS found that both apartment and office development will be down too falling 15.6% and 10% respectively. For comparison retail development is expected to fall about 15.7%. Maybe folks who have been itching to “return to normal” will flock to malls in this post-height of
發表於 2024-3-6 17:13:54
