Street life

Retail & leisure
Can traditional shops pose a threat to shopping centres? Asking this question usually makes a lot of property market specialists laugh. We all know that high streets have been dying. Or do we?
Let's for a moment take a trip across the Atlantic. 'The International' portal in its article entitled 'The Death of the American Mall and the Rebirth of Public Space' argues that shopping centres have been losing their importance. It is estimated that in the next five years app. 15 pct of such facilities will face bankruptcy. There is even a portal that documents the demise of American shopping centres: as many as 400 centres feature on the deadmalls.com website. And there are more in the pipeline. The year 2007 was symbolic - that year, before the outbreak of the global crisis, not a single new shopping centre was built in the USA for the first time in 50 years. The next one to be opened only came along in 2012 in Salt Lake City. What is happening? Opinions are divided. Analysts point to the growing significance of online retail. Another interesting view is that it could due to the changes taking place in American cities, which are increasingly focusing on the revitalisation of city
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