As American retail store anchors fade, private clubs are taking over more commercial real estate
Alexandru Orian
To learn more about the CNBC CFO Council, visit cnbccouncils.com/cfo In today's K-shaped economy , lower-income consumers headed out to shop may be hitting Dollar General or a post-bankruptcy Big Lots, but affluent Americans are increasingly headed for the shopping center private club. Membership clubs are increasingly being seen as retail revitalizers, whether that's in a traditional mall, open-air shopping center, or as a stand-alone commercial real estate tenant. Like their country club
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