Rite Aid closures leave behind empty retail spaces with murky futures
Crain’s Cleveland Business: Mark Votruba, associate professor and chair of the Department of Economics at Weatherhead School of Management, highlighted the potential “spillover effect” from Rite Aid closures, warning that in struggling areas, empty stores might reduce foot traffic. “Once a few key places close down, maybe the whole shopping center begins to go to pot,” he said.
Mark Votruba