Malls Vacancies Hit Six-Year High as Online Shopping Takes a Toll. Toll is felt across all types of brick-and-mortar outlets in the U.S. as iconic retail names close stores.

The Wall Street Journal reports:

Retail landlords also have suffered from a glut of new shopping centers that were built in the years leading up to the 2008 financial crisis. For every person in the U.S., there is 24 square feet of retail space, far more than Canada’s 16 square feet per capita, Australia’s 11 square feet and five square feet in the U.K.

perspective.