Report: 1 in 4 shopping malls in U.S. will be closed by 2022

- A new report from Credit Suisse says up to 25 percent of U.S.shopping malls may close in the next five years.
   
It predicts the rise of e-commerce will continue to pull shoppers away from bricks-and-mortar retailers.

The report estimates that around 8,640 stores will close by the end of the year.
    
A number of mall-based retailers like Sears, Macy's, Kohl's and J.C. Penney have announced closures this year.

Recently, clothing retailer Bebe closed all of its stores.
   
And the fight against e-commerce giants like Amazon will only get worse.
 

Copyright 2017 FOX 11 Los AngelesDownload our mobile app for breaking news alerts or to watch FOX 11 News | Follow us on FacebookTwitterInstagram, and YouTube. Be a citizen journalist for FOX 11 and get paid – download the Fresco News App today.

Up Next:


Up Next

  • Report: 1 in 4 shopping malls in U.S. will be closed by 2022
  • Posting false information online can lead to libel charge
  • 10-year-old McKinney boy creates fan to help prevent hot car deaths
  • Super NES to make a comeback
  • Air bag recalls, lawsuits lead Takata to file for bankruptcy
  • Q&A: Takata's bankruptcy and air bag recalls
  • Woman finds frog in salad at restaurant chain
  • Destination bachelorette parties fun, but expensive
  • Hummus recalled over possible listeria contamination
  • Frosé is the drink of summer, so what is it?