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Sunday, 9 April 2017

The Whole 'Malls Are Dying' Thing Is Getting Old, Say Mall CEOs - Bloomberg

The Whole 'Malls Are Dying' Thing Is Getting Old, Say Mall CEOs - Bloomberg:

"Traditional retailers, whose obituaries have been started and scrapped for years, are on the critical list again, with stores shuttering and e-commerce giants like Amazon.com Inc. in ascendance.

Executives say put the death notices away, at least for one category. Malls aren’t going extinct -- they’re changing, sometimes by healthy natural selection. While store closures are painful, often they represent a Darwinian moment, allowing a shopping center to refresh its mix by adding a grocery market or an Apple store.

Investors aren’t buying it. Literally. Mall REIT stocks have dropped 18 percent in the past year, compared with a 4 percent gain in the broader REIT group, as stores close at a record pace. At the same time, a view is building among industry analysts that skepticism has gone too far."



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