A new week and more data suggesting that the credit-driven consumption peak is behind us this cycle, see Malls see a tsunami of store-closures as foot-traffic declines.
While deep discounting brought some resurgence of shoppers into 2018, merchandisers selling at a loss cannot continue forever. Already, year to date in 2019, there have been nearly 6,000 US store closures announced - more than all of 2018 - and some 12,000 are estimated by year-end. Here's the chart showing the relapse in US mall traffic since the summer of 2018, despite the efforts to attract it