On the very rare occasions I am in large shopping “malls” (usually visiting a John Lewis – predictable I know) I wonder, “how do these places make any money”?
Interesting article in the New York Times about the changes in US retail via Benedict Evans’ Newsletter where he says:
Is American retail at a tipping point? (Arguably, it passed one several years ago). The USA has 2-3x more retail square footage per capita than other developed countries, and that may now be starting to collapse, driving (sic) by commerce but also lots of other factors.
Worth a read HERE.