Published by The Financial Times on 20 April 2020

The cracks in the retail industry have been visible for a very long time. Disharmony around business rates, mall closures in the US, job cuts, decreasing footfall, empty units and ghost-town shopping centres. Pretty gloomy stuff — and that was before coronavirus struck a devastating blow to both supply and demand.

But most developed nations are still way overprovided with stores, even after the closures of recent years. In the brave new world that we are reaching for now, the quantity of stores will go down but quality is more likely to go up.

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Full article: The cull of retail businesses spells the end for mediocre malls