From the street, the brand-new Point Berkeley in Duluth, Ga., a suburb north of Atlanta, looks like any other neighborhood shopping center. The 217,000 sq. ft. complex is anchored by an Asian supermarket, with a flurry of conventional retailers...
One of the defining trends of the retail industry in the past decade has been a great hollowing out of the middle. Mid-tier chains have struggled or disappeared entirely. Discounters — exemplified by Wal-Mart — have thrived at one end of the...