In the U.S.A. and Europe, G.R.N. interviewed major retail and property management. Their answers illustrate a future business model.
This is a profound reset for the major players in retail property. In the U.S.A., “25,000 stores closed in 2020, compared to 28,000 between 2016 and 2019,” said David Bassuk, Retail Director at AlixPartners. Of these stores, more than 75% are in shopping centres. By 2025, 25% of malls are expected to close in the U.S.A. The situation is very tense for all the players, we have to find new models right now to survive.” According to the Lincoln Institute of Land Policy, the pressure is because...
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