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"Retailers vacated US shopping centres at the fastest pace in at least nine years in the second quarter as the relentless rise of online shopping and collapse of debt-laden chains begin to hit the commercial property market.
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More than 7,400 store closures have been announced this year, with Sears, Victoria’s Secret and Charlotte Russe among a raft of household names to shut outlets in malls across the country.
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“We’ve been the busiest we’ve ever been in our history,” said Scott Carpenter, head of retail liquidation at Great American Group.
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The 7,426 store closures announced this year, as tracked by Coresight, compare with little more than 3,000 openings. The closures are already about a quarter more than the 5,864 during all of last year.
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Some retailers are in expansion mode, however. They include athleisure brand Lululemon, which this month opened a 20,000 sq ft site in Chicago that features a meditation area and yoga studio. “In the better properties, there is very strong demand for space,” Mr Buono said.
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Trechos retirados de "US retailers quicken exit from malls as online shopping bites"
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