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Retail

Malls impacted by close to 6000 store closures this year

Things are not looking good for the American mall. CNBC has reported that U.S. retailers have announced so far this year they are set to close 5994 stores, not even offset by an opening of 2641 stores. Data analytics firm Thasos has also reported that foot traffic is declining in malls peaking last year around 2018 and steadily declining since....

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