1 in 5 U.S. retail shops are still at risk


1 in 5 U.S. retail shops are still at risk


Amid a retail bloodbath last year and the first two months of 2018, the U.S. still has far too many shops, and their numbers need to shrink — 1 out of 5 need to close to reach the historical average, according to Costar, a research firm.

By the numbers: Ryan McCullough, senior real estate economist with Costar, said the U.S. has 18% too much retail space when compared with the historical average.

  • To return to where they should be, U.S. retailers would need to maintain current sales, but close almost 1.6 billion square feet of selling space.....
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RSK: So will they be big box stores or ma and pa franchises. Hard to say but betting on a mix. Amazonization....you will be hearing that word quite often.

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- - Volume: 6 - WEEK: 14 Date: 4/3/2018 8:45:24 AM -