Tumbling Values Underscore Quality Gap Among Regional Malls
Once vaunted by Consumer Reports as one of the top 50 wonders that revolutionized the lives of consumers, shopping malls have seen a lot of upheaval in the 30 years since reaching their peak in the early 1990s: the dot-com boom and bust, the 9/11 terrorist attacks, the 2008 Great Financial Crisis, and the rise of big box stores and e-commerce. But the Coronavirus Disease (COVID-19) pandemic is the accelerant thrown on a slow-burning fire and has dimmed the prospects of many regional malls more than any other factor.
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