Totally anecdotal – take rumored lists via SEC filings of stores closing retail locations (almost all are either internal mall stores or larger anchors) and the list of FDIC compliance-related job postings. The retailers who won’t be closing are drastically scaling back their plans for expansion.
For many municipalities, these malls serve as their civic center, job engines, and sources of tax revenue. Dead malls and empty big boxes may soon litter the landscape. The financing of these projects is usually done through regional banks.
Tags: consumerism, FDIC, financiapocalypse, malls, retail, shopping banks
