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Bloomberg Television

Could American malls disappear? #shorts #wallstreetweek πŸ˜‹

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the US consumption is the most oversupplied in the world so pre pandemic or or I should say actually preg GFC so we had approximately 7 square fet of retail space per capita and you compare that to in Europe it’s about a dollar or one square foot to 1 and A2 sare ft per capita and then obviously in Asia significantly lower than that the US hasn’t lost its passion to consume and it’s still has a lot of retail space but there’s a good deal less of that space than there used to be raising the question of how far it could go whether malls could simply disappear altogether we don’t think they’re dying but the better malls have a place in the market and we think what’s left uh we don’t think they’re all going to die however there are some that will probably die in the future if it went to 30% in 2019 I think that right mhm what happened with the pandemic and where is it now it flipped in 2020 it went to 7030 can you envision a world in which actually bricks and mortar start eating back into e-commerce my view is that a 50/50 world is about right because a 50-50 world will be about 500 stores so to you know kind of in that range

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