Closed-End Fund Market Commentaries
Jun 8, 2017
Click here to access Retail Equity REITs Under Pressure In 2017
View from the Observation Deck
1. Today’s blog post is timely due to the rise in the number of announced store closures in the U.S.As of 6/3/17,there were nearly 5,100 planned store closures for 2017, according to Business Insider.
2. Credit Suisse estimatesthat the number of announced closures could rise to 8,640 by the end of 2017,and expects 20% to 25% of malls(roughly 220 to 275 shopping centers) to shut down over the next five years, according to Business Insider. From 2000 through 2016,the biggest year for store closures was 2008, with 6,163.That was year-one of the financial crisis.