U.S. malls creatively adjust to live on, including University Place, Provo Towne Center
September 15, 2019
PROVO, Ut – Daily Herald
With big box stores like Payless Shoe Source, Sears, Gymboree, Charming Charlie and more declaring bankruptcy and closing nearly all of their stores, it’s easy to think the end of retail as we know it is near, and places like malls will soon become relics of yesterday.
However, according to IHL Group, a research and advisory firm specializing in retail and hospitality industries, things aren’t as bad as they seem — in fact, while 2018 was a year of store closings, 2019 so far is a year of growth for most retailers.