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.
FULL STORY: Wall Street bank says a quarter of shopping malls will close in 5 years
The End of the Mall? Navigating the Shifting Retail Landscape
More online shopping means fewer consumers are spending money at brick-and-mortar stores, with suburban malls hit especially hard. But municipalities are looking for creative strategies to navigate a post-mall world.
Innovative Approaches May Save Physical Retail
In places like San Jose, "new approaches to the storefront" are paying dividends for physical retailers willing to experiment.
Ross May Be Immune from the Amazon Effect
Ross Stores continues its expansion in the face of a much-foretold retail apocalypse. The shopping experience it provides may be one reason it can stand up to Amazon.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
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