More apparel sales will move online, and department stores will continue to struggle in 2017.
Credit Suisse predicts that 2017 will see more store closings than any year in 2000s. "About 3,600 store closings have been announced this year. Credit Suisse estimates that about 8,640 stores will ultimately close by December," Hayley Peterson writes for Business Insider.
These closings would hit malls harder than other store locations, in part because of recent trends toward more shopping at discount stores, which are traditionally located outside of malls. The bank estimates a quarter of malls will close in the next five years.
FULL STORY: Wall Street bank says a quarter of shopping malls will close in 5 years
The End of the Mall? Navigating the Shifting Retail Landscape
More online shopping means fewer consumers are spending money at brick-and-mortar stores, with suburban malls hit especially hard. But municipalities are looking for creative strategies to navigate a post-mall world.
Innovative Approaches May Save Physical Retail
In places like San Jose, "new approaches to the storefront" are paying dividends for physical retailers willing to experiment.
Ross May Be Immune from the Amazon Effect
Ross Stores continues its expansion in the face of a much-foretold retail apocalypse. The shopping experience it provides may be one reason it can stand up to Amazon.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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