Mega entertainment concepts fill closed stores across Los Angeles region
2019 opened with an announcement of 1,674 retail closures as distressed retailers restructured debt.
April 09, 2019
Recent Regional Retail Entertainment Concepts:
- 2019 opened with an announcement of 1,674 retail closures as distressed retailers restructured debt.
- There were 7,000 U.S. retail store closures in 2017, followed by 5,524 store closures in 2018.
- To remain relevant amid increasing e-commerce competition, Los Angeles area shopping centers are pivoting from goods to socializing concepts.
Source: JLL Research/ Coresight
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