Even with mall traffic declining and stores closing, retail restructuring might lead to a renaissance fueled by creative destruction rather than an apocalypse.
This satellite picture shows how San Juan, Puerto Rico used to sparkle at night: But since Hurricane Maria, no more: Currently, 10% of the island has power. So there is little running water and few flushing toilets. Similarly, air conditioning…
The retail unemployment caused by the decline of J. Crew and other beloved mall stores relates to a structural change in their industry.
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