OVIEDO, Fla. — When the Oviedo Mall opened in the late ’90s, it was expected to be a permanent fixture for retail businesses in a shopping mall environment.
But with the success of online shopping, “malls” are fighting to survive.
According to Capital One Shopping Research, an average of 40 shopping malls have closed every year between 2017 and 2022. On a national scale, no new indoor mega-malls have been built in the U.S. since 2014…