More apparel sales will move online, and department stores will continue to struggle in 2017.
Credit Suisse predicts that 2017 will see more store closings than any year in 2000s. "About 3,600 store closings have been announced this year. Credit Suisse estimates that about 8,640 stores will ultimately close by December," Hayley Peterson writes for Business Insider.
These closings would hit malls harder than other store locations, in part because of recent trends toward more shopping at discount stores, which are traditionally located outside of malls. The bank estimates a quarter of malls will close in the next five years.
Read the full story: Wall Street bank says a quarter of shopping malls will close in 5 years
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
Satanic place names
From streams and lakes to valleys and canyons, I mapped more than 1,000 places named after the Devil.
California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
Legislation would require 10 governors’ permission to study or build projects moving water outside the basin.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
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