Economic report expected to close 25% of shopping centers in America by 2022


Hoffman Estates (AP) - An economic report predicts a bleak future for shopping malls, due to competition from e-commerce and low-priced chain stores.

According to a Swiss Credit Suisse report, about 25% of US shopping malls will close by 2022, which means that 275 shopping malls out of 1100 shopping centers will find it difficult to continue in the near future. According to the study, 35 % Of the clothing retail market in the United States will be the share of e-commerce in 2030, compared to about 17% currently.

Shops in shopping malls suffer from a lack of numbers.


With good restaurants or a variety of attractive shops, the only ones that can attract the public, while the less attractive centers across the United States are facing a decline in the number of visitors. Many famous stores such as JC Benny and Michael Corse, McKeez and Sears will close their retail stores. Michael Corse announced yesterday that it would close 125 branches. Credit Suisse reports that 8,640 branches will close in 2017, the highest in a year since 2000. The number of branches closed last year was 2,056, while 2015 saw more than 5,000 branches closed.
Commercial Shops for Sale in gulberg Lahore

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