Why Mall of America is Expanding as Many Retailers Implode
These are rough times for America's brick-and-mortar retailers. Last week, it was Radio Shack announcing plans to close 20 percent of its stores and Staples shuttering 12 percent in North America. Last week, it was Best Buy, announcing plans to cut 2,000 managers. Before that, Blockbuster going out of business, or J.C. Penney reporting another round of bad, bad news. Battered by the economy and the growth of e-commerce, the signs of decline of the American retailer have been many and hard to miss.