Sears, Macy's, and JCPenney are fueling a $48 billion crisis in the retail industry
AP
There's no end in sight to American's shopping mall crisis, according to a Morningstar research report.
Hundreds of shopping malls have shut down over the last several years amid a pullback in consumer spending on apparel and accessories and the growth of ecommerce.
But the US is still oversaturated with shopping malls, and that's putting $48 billion in loans backed by mall properties at risk, according to the Morningstar analysts.
"The abundance of space, the growth of e-commerce... Читать дальше...