Malls are going south in the U.S. General retail may also go the same way, unless shops transform themselves.  Here’s our story why retail is facing an apocalypse.

My family used to own two businesses in different malls.  The rent in the mall was ten times higher than a retail space outside the mall.  Also, the retailer would have to sign a rental contract for five to ten years and every year the rent would increase. Continue reading →