>The current rash of bankruptcies and stores closings as well as the rise of e-commerce and discount chains means that as many as 25% of U.S. malls will close by 2022...
>That translates to some 275 shopping centers in the next five years.
>mall-based retailers to have announced store shutterings this year include department stores J.C. Penney (jcp, +1.24%), Sears (shld, -4.64%) and Macy's (m, -1.12%), as well as the likes of Abercrombie & Fitch. (anf, -2.40%)
>Credit Suisse projects about 8,640 U.S. stores across retail will close by the end of year, a far greater number than any year in memory, and worse than at the height of the 2008-09 financial crisis.
fortune.com
What are your thoughts on this? Did online shopping kill the mall? Should they die?