Online shopping continues to crush US department stores

Endaba Group

Online shopping continues to crush US department stores, as mall investors are set to lose billions from the dramatic shift in shopping habits! A decade ago, investors funded the vast expanse of stores that are no longer visited and fight for survival. Some $128 billion of commercial real estate loans are due to refinance between now and the end of 2017. Online shopping and widespread discounting are to blame, as both have decreased profit margins and increased store closures, making it harder for mall operators to meet their debt obligations.