12/07/2018
In the US one out of every five malls is expected to close by 2022 – a prospect which has put downward pressure on retail real estate prices and on the finances of the firms that own and manage these venues.
Traditional retail is in the centre of a storm - and British department store chain House of Fraser is the latest to succumb to the tempest. The company plans to close 31 of its 59 shops - including its flagship store in Oxford Street, London...