The data «suggests that the sector remains in the early innings of reduction in unproductive physical retail.»Īs mass store closings continue, hundreds more malls could go dark. «Retail square footage per capita in the United States has been widely sourced and cited as being far above most developed countries - more than double Australia and over four times that of the United Kingdom,» Cowen analysts wrote in a 50-page report on the state of the retail industry.

The US has about 23.5 square feet of retail space per capita, compared to 16.8 square feet of retail space per capita in Canada, and 11.2 square feet of retail space per capita in Australia, according to the report. The American retail industry has been rocked by record-high store closures, dozens of high-profile bankruptcies, and the death of hundreds of shopping malls over the last several years.īut the amount of retail space in the US still far outweighs other countries, which suggests that we are only in the «early innings» of mass store closures, according to data compiled by the advisory firm Cowen and Company.

At the same time, sales are accepted to accelerate at the country’s top-rated malls.

As more stores close, hundreds of poorly performing shopping malls will go dark.This suggests the US is still in the «early innings» of mass store closings, according to a new 50-page report by Cowen and Company.The United States still has far more retail space per capita than any other country.The US could be in for a lot more store closures. AP

Retail stores in capitalism ii