For years, the prime malls with the best locations escaped much of the havoc being wrought in the retail world by internet competition. But now, even they are beginning to feel the pain, setting off new alarm bells on Wall Street.
For years, the prime malls with the best locations escaped much of the havoc being wrought in the retail world by internet competition.
But now, even they are beginning to feel the pain, setting off new alarm bells on Wall Street. Some of the landlords of the most highly trafficked malls are warning of slowing income growth as they try to come up with new ways to cope with changing consumer behavior and billions of dollars of sales shifting online.
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