February 17, 2014 – NPR – Demographic Shifts Contribute To The Changing Face Of Retail

So far this year, retail chains have announced some heavy cuts. J.C. Penney said it would close 33 stores. Macy’s said it would lay off 2,500 workers. Sears will close its flagship Chicago store in April.

That’s creating a glut of excess space. But that’s just one of several forces changing the face of retail. 

Listen to full story on All Things Considered on NPR

Learn about ULI Chicago’s new Retail Working Group and the grant that Maureen McAvey, Senior Resident Fellow and Bucksbaum Family Chair for Retail at ULI, has received from HUD