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The news that Macy’s plans to close another 100 stores prompted more speculation over the future of department stores and, by extension, the future of shopping malls.
But as several analysts point out, store closures are a symptom of larger ills affecting retailers right now, ranging from the growth of online shopping to the oversaturation of retail space per shopper, flawed business plans and changing consumer behavior.
An analysis of 10 malls…