#american #retail #apocalypse
Due to the growth of e-commerce and the decline in middle-class purchasing power, the American retail industry is in crisis. Several shops have experienced huge layoffs, store closures, and bankruptcy as a result of this, and shopping centres are in danger of going out of business. The amount of vacant retail locations, the reduction in mall visitation, and the ageing of retailers' real estate debt are just a few of the startling statistics regarding the American retail apocalypse. As more retailers shift online to keep up with the rising popularity of e-commerce, retail expert Howard Davidowitz estimates that half of America's 1,200 shopping malls might collapse over the course of the next 15 years.
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