Make no mistake: The “Mallpocalypse,” the “Retailpocalypse,” whatever you want to call it, is very real, and its shockwaves are being felt in just about every corner of the brick-and-mortar retail world. In fact, there are only a few true havens left – including a few higher yielders in the 5%-6% range. We’ll get to those in a minute.
Every other week, it seems like there’s another story about a retailer going bankrupt or shuttering locations. Just consider some of the store closings lined up for this year:
- Abercrombie & Fitch (ANF) is going to shut down 60 of its 868 locations in 2018.