Wall Street Week
Bloomberg Wall Street Week - December 13th, 2024
Dec 13, 2024
This week explores the decline of American shopping malls due to e-commerce's rise, investigating how they can adapt and reinvent themselves. The growing ‘silver tsunami’ reveals a pressing need for senior living facilities as the population over 80 surges. Discussions also delve into the impact of potentially eliminating the Department of Education and its effects on public schooling. Finally, the importance of mental health care and early therapy engagement is emphasized for overall wellness, especially in stressful times.
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Quick takeaways
- The decline of American shopping malls, exacerbated by e-commerce growth, necessitates a shift towards innovative adaptation and repurposing efforts for survival.
- With the aging population leading to a significant demand for senior housing, the sector faces challenges in inventory supply and rising construction costs, presenting both risks and opportunities for investors.
Deep dives
The Decline of Shopping Malls
Shopping malls across the U.S. are facing a significant decline, with many seeing a sharp drop in foot traffic and tenancy rates. The Berkshire Mall in Pennsylvania, once bustling during the holiday season, now has around 60% occupancy, illustrating this trend. Analysts note that American malls are oversupplied, particularly in comparison to other regions like Europe and Asia, where retail space per capita is much lower. While not all malls are expected to close, there are clear distinctions in performance between Class A, B, and C malls, leading to calls for restructuring and repurposing efforts.
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