The American shopping mall bubble maybe about to burst.
Retail analyst, Jan Niffin tells CNN: “Roughly one third of the malls in the US will fail in the not so distant future. In his estimation roughly 400 of America’s 1100 enclosed malls will close their doors, and out of the other 700, he believes only about 250 will continue to do solid business – and the rest will struggle.
It’s the Age of Online Ecommerce, and brick and mortar retailers are feeling the pinch.
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