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US: The rebirth of shopping malls

Posted on 14 June 2011

David Harris Vacancy rates at U.S. malls are at their highest level in years. So why are investors pouring money into them? For many suburbanites across America, the local mall has been popularly viewed as a landmark of sorts, if not the ultimate teenage hangout.
In a way, that reputation – more as a place to meet up than a place to shop – has been part of their demise in recent years, as anchor stores struggle to compete with the rise of standalone big-box retail chains……………………………………….Full Article: Source

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