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As retailers cut back, cities confront 'ghostboxes'
KTIV And the closings have continued this year, including underperforming big-box stores, like the Home Depot in Bismarck, ND Its demise has left the community … |
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As retailers cut back, cities confront 'ghostboxes' – KTIV
1 comment to As retailers cut back, cities confront 'ghostboxes' – KTIVYou must be logged in to post a comment. |
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It’s going to take quite a while to work through the retail real estate excesses. The retail square footage per capita is unsustainable, and retailers are discovering, like GM and Chrysler, that too many outlets only end up creating internal competition. Over time, I suspect that much of this excess capacity, especially ghostboxes and dead malls, is going to have to be redeveloped into other uses.
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