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Is it the end of the mall?

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Apparel Online India February, 16-28, 2017

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US malls go for a change post holiday season

The year started with Macy’s announcing the closure of 63 stores and eliminating 10,000 jobs as the departmental store chain continued to grapple with weak sales during the holiday season. Many experts are relating the store closures to the growth of digital platform and also to retailers falling behind in implementing new strategies with time. The growing influence of millennials, who are accustomed to digital stimulations rather than physically visiting a store themselves, is also weighing down upon many stores. This has also led to a lot of retail mergers and consolidations that leave only a few departmental store options. Many famous malls such as Fairlane Town Center in suburban Detroit are replacing departmental store space for Ford Motors, converting…

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Source: Apparel Online India February, 16-28, 2017
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