Armed with this arsenal of weapons to withdraw us from our money shopping in America and Australia and indeed all over the world has recently seen a marked decrease. More Than 400 of the 2000 largest malls in America have closed over the past 2 years. Some 150 000 retailers are projected to fail in America this year and so mall foreclosures will be imminent. A mall or shopping centre represents discretionary spending and discretionary spending is in decline. Retail sales figures here in Australia are following the same patterns in America and the world. Retail expenditure here dropped significantly since the global financial crisis struck in 2009. Consumers are spending less and spending less often. As the over retailing of our urban environment continues those centres least able to offer consumer incentives through activity, form and environment are at risk.
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