While the retail market metrics for the US still indicate relative good health, retailers and retail property owners across the country are facing significant headwinds as they adjust to emerging consumer spending trends. Large department store operators like Macy’s, Sears, JC Penny and others are grabbing headlines with major store closing announcements, and that has also put the spotlight on the struggles of major regional malls that, for decades, have depended on these anchor tenants to attract shoppers. Declining mall foot traffic has also impacted sales for other retailers, particularly in the clothing industry, who are also scaling back on brick-and-mortar locations. Read more