Report: 25% Of U.S. Shopping Malls Could Close By 2022

One in four U.S. shopping malls could close in the next five years, according to a new report.  

In a report released yesterday, international financial powerhouse Credit Suisse predicts that e-commerce will pull enough shoppers away from brick and mortar stores that 20-25% of shopping malls in this country will close by 2022.  Credit Suisse notes that traditional mall anchor stores such as Macy's, JCPenney, and Sears are closing hundreds of stores.

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