"They generate revenue for the owner and offer a chance for cross-promotion, so they can try and drive more customers into the stores." Mall owners across the country are grappling with record store closings and declining rents. Retail property values are down 3 percent in past six months, as all other types of commercial real estate showed gains, according to the Moody's/Real Capital Analytics indexes. A Bloomberg gauge of publicly traded mall landlords has tumbled 15 percent in the past year through yesterday, the worst performance among U.S. real estate investment trusts. PHOTOS: From coast to coast, American retailers, stung by the rise of online shopping, are abandoning brick-and-mortar stores, annoucning closing after closing. Amazon.com and other internet retailers continue to grow, while department stores including Sears Holdings and Macy's have been closing hundreds of locations. Payless, the discount shoe seller, is among the latest to announce a massive shuttering - of 400 stores - as part of a bankruptcy plan. "We expect to see a trend of more closings," said Carol Kemple, an analyst at Hilliard Lyons. "Most retailers, if they're still standing in September, will probably try to make it through the holiday season." Retail landlords have already made a push toward experience-driven offerings by adding restaurants, movie theaters and activity centers for children.
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Mr Farrelly has one of the smallest majorities in the UK, with only 650, so it may be understandable why he was not keen for an election. But he told a local newspaper reporter for the Stoke Sentinel that he voted against it because he believes it will be "bad for the country" and the unity of the UK. Jim Fitzpatrick, Labour MP for Poplar and Limehouse Image copyright Labour Party When did he first win his seat? 1997 (the seat changed from Poplar and Canning Town to Poplar and Limehouse in 2010) What positions has he held in the party? Minister of state for environment, food and rural affairs (June 2009 - May 2010), shadow minister for environment, food and rural affairs (May 2010 - October 2010), shadow minister for transport (October 2010 - August 2013). Why did he vote no? Mr Fitzpatrick was planning to retire in 2020, but he will be standing for re-election. He said he voted no because he thought the prime minister was "taking advantage of a lead in the opinion polls for purely party political advantage, not in the national interest." He added that Mrs May's "misleading [of] the public... ought to have been objected to and opposed." Clive Lewis, Labour MP for Norwich South Image copyright PA When did he first win his seat? 2015 What positions has he held in the party? Shadow secretary of state for defence (June 2016 - Oct 2016) and shadow secretary of state for business, energy and industrial strategy (October 2016 - February 2017).
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