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WYPR Features
The Morning Economic Report

Closing Time for Malls

By Anirban Basu
Published June 16, 2017 at 11:06 AM EDT
Rene Schwietzke/flickr

Next time you go to the mall, you should probably give it a big hug and wish it luck. A new report from Credit Suisse predicts that between 20 and 25 percent of American malls will close within five years. As reported by CNNMoney, that level of dislocation would be unprecedented in the nation’s history.  

Anirban has more. 

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Anirban Basu
Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.
See stories by Anirban Basu