Retail is a mixed bag across the country. Malls in smaller cities are struggling, as former anchor tenants like Sears and J.C. Penney have closed stores, and many smaller shops have shuttered. Larger retail has shifted to shopping complexes anchored by a Walmart or other big-box store. Drive through any community other than Portland and notice the abundance of unfilled retail space.
Smaller malls and shopping centers were popping up all over the place in Maine three decades ago. This pretty much sealed the deal for Mom and Pop small hardware stores and other locally-owned shopping options. Now, many of those same strip malls and retail havens have multiple vacant storefronts. Continue reading