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I've spoken to a number of retail execs and mail owners about this (the latter, like all real estate investors, are tax experts), and they definitely think it's
by xadhominemx 7y ago
I've spoken to a number of retail execs and mail owners about this (the latter, like all real estate investors, are tax experts), and they definitely think it's mostly about e-commerce
- bobthepanda 7y agoMalls are failing largely because anchor tenants are dying. Sears, JCPenny, and Macy's all had horrible management over the past decade. And the department stores have faced huge competition for decades, whether it's Walmart offering cheaper goods or stores like H&M or Sephora that specialize in a specific category. My experience of department stores have been of unorganized, more expensive stores with a confusing, mediocre selection; why would I want to shop there? On top of all that, America is over-retailed compared to other developed countries: https://amp.businessinsider.com/images/5bb37815ac0a6314735194e8-960-758.jpg https://amp.businessinsider.com/images/5bb37815ac0a631473519...
- xadhominemx 7y agoYes as one RE exec likes to say, American retail is under-demolished