Amazon and Walmart Focus on Revamping Malls

Walmart is expanding its real estate portfolio with a major acquisition.The retail giant has purchased Monroeville Mall near Pittsburgh for $34 million and plans to redevelop the site. The project will focus on retail and mixed-use development, with new dining options and possibly residential units.The Monroeville Mall spans 985,073 square feet and features 133 stores, such as Dick’s Sporting Goods, Macy’s, Best Buy, Barnes & Noble, Forever 21, Victoria’s Secret, and JCPenney. The 185,517-square-foot Annex ...