Independent thinking for complex markets and current events
Retail stores are collapsing right in front of our eyes as American families struggle to make ends meet. In this video, we’re looking at what’s really happening with our economy, from completely empty malls and major store closures to massive layoffs hitting right before the holidays. We’re seeing Claire’s, Target, Kroger, and other major retailers …
NYC is in the middle of a housing crisis, yet converting its dying commercial malls into apartments hasn’t been done yet… but as this type of project changes the housing market in other states, all eyes are on the big apple to see if it follows suit.
While many U.S. malls face anchor store closures and empty parking lots, some are finding new life by becoming housing. Real estate developers are building housing inside of or next to shopping malls as department stores like Macy’s, JCPenney and Sears shrink or cease to exist. At least 192 U.S. malls planned to add housing …
Macy’s decision to close nearly a third of its stores will spark change in malls and communities across the U.S. Some of those transformations may catch shoppers by surprise. The retailer said in late February that it plans to close about 150 of its namesake locations by early 2027. Macy’s has not yet revealed which …