About a quarter of US malls will most likely close within the next five years, according to a new prediction from Credit Suisse.
In a research note published Tuesday, the bank estimated that 20% to 25% of the nation’s 1,100 shopping malls — or roughly 220 to 275 shopping centers — would shut down by 2022.
Credit Suisse cited mass store closings, the rise of e-commerce, and the growing popularity of off-price chains — which tend to be located outside shopping malls — as reasons for the potential mall closings.
