Massive Store Closures
Empty space in US regional shopping malls has hit a new six-year high. The malls have been hit by massive store closures, driven by more customer shopping online. The Money GPS covers the changing retail dynamics, and wonders: “Can you guess the only company opening stores?” Actually, it’s not the only company but has opened nine times more stores than anyone else.
Give up? It’s Dollar General, with 900 openings, far exceeding the 90 stores opened apiece by the GAP and Walmart.
