Analyst: One in three malls doomed

If America is the most ‘over-stored’ country in the world, Canada is not far behind. All the US retailers opened stores through Canada the past decade as households buried themselves in debt. And then there are all the REITs and other investors who tripled down on retail space since 2008 in the hunt for yield.  The income received will be paid for by capital losses as the correcting phase unfolds.  No free lunch.

Jan Kniffen, J Rogers Kniffen WWE, provides his outlook on the retail sector and talks about likely changes in the space down the road, including consolidation of malls. Here is a direct video link.

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