Short call: Wall Street trader Eric Yip is betting shopping malls will collapse
Eric Yip spent his childhood working in his parents’ store at a shopping mall in a small New Jersey town. The family sold homewares and T-shirts from the Burlington Center.
In the early 1980s, the 103,000 sq ft retail complex had more than 100 stores and was the heart of the community, credited with creating a development boom in the town.
Today, though, just a handful of shops remain and it is virtually silent.