Logo


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

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

Shopping Mall

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 ...