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If retail is dying, why is money pouring into malls?

Builders have been especially busy working on malls, spending $404 million in April


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. Across the country, construction spending on shopping centres topped $1.6 billion in June, the largest ...

First Published: Wed, August 09 2017. 22:43 IST

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