With Westfield Malls’ European owner announcing it`s looking to unload its portfolio of American malls by next year, the outlook seems grim for U.S. shopping malls amid the e-commerce boom. However, consumer and retail expert Natalie Kotlyar, managing partner at BDO USA, believes malls still have life left in them.
“So this is certainly nothing new, this whole conversation about the [decline of malls],” Kotlyar told Yahoo Finance Live. “And are we moving away from the mall? So I am here to tell you that the mall is not dead. Consumers are still going into the malls. And they will continue to go into the stores.”...
RSK: Preaching to the choir here. Good article.
- - Volume: 10 - WEEK: 17 Date: 4/19/2022 6:53:19 AM -