Despite Store Closings, US Retail Industry Sees Bright Future

“The death of U.S. malls is being greatly exaggerated, say retail real estate professionals as they gathered in Las Vegas for RECon, the industry’s biggest annual gathering,” as stated in this article.

The article later states, “Malls will eventually become centers where residents come to socialize, said Jeffrey Newman, a real estate lawyer for Sills Cummis & Gross P.C. Kidzania, an indoor children’s playground, and “Mystery Room,” an interactive adventure game, could become the new type tenants in malls across the country, said Newman, a presenter at RECon. ‘Malls will figure out the magnets necessary to draw the shoppers back in. It is around the horizon. It is not tomorrow, but it is coming,’ he said.”