Report: 1 out of 5 shopping malls will go out of business by 2022

- FILE - Shopping (Image: Shutterstock)

(WTNH) — Here’s a story no shopper wants to hear.

According to a new report out this week, one out of every five shopping malls in the country will go out of business by 2022.

It estimates a record 8600 stores will close this year alone.

Between 20 percent and 25 percent of American malls will close within five years.

This may not be surprising since more people are shopping online more now.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s