More apparel sales will move online, and department stores will continue to struggle in 2017.
Credit Suisse predicts that 2017 will see more store closings than any year in 2000s. "About 3,600 store closings have been announced this year. Credit Suisse estimates that about 8,640 stores will ultimately close by December," Hayley Peterson writes for Business Insider.
These closings would hit malls harder than other store locations, in part because of recent trends toward more shopping at discount stores, which are traditionally located outside of malls. The bank estimates a quarter of malls will close in the next five years.
FULL STORY: Wall Street bank says a quarter of shopping malls will close in 5 years
The End of the Mall? Navigating the Shifting Retail Landscape
More online shopping means fewer consumers are spending money at brick-and-mortar stores, with suburban malls hit especially hard. But municipalities are looking for creative strategies to navigate a post-mall world.
Innovative Approaches May Save Physical Retail
In places like San Jose, "new approaches to the storefront" are paying dividends for physical retailers willing to experiment.
Ross May Be Immune from the Amazon Effect
Ross Stores continues its expansion in the face of a much-foretold retail apocalypse. The shopping experience it provides may be one reason it can stand up to Amazon.
Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Restoring Northern India’s Himalayan ‘Water Temples’
Thousands of centuries-old buildings protect the region’s natural springs and serve as community wells and gathering places.
Milwaukee to Double Bike Share Stations
Bublr Bikes, one of the nation’s most successful, will add 500 new e-bikes to its system.
DC Extends Application Window for Outdoor Dining Permits
District restaurants will have until the end of November to apply, but businesses with permits in rush hour parking lanes must end operations on July 31.
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