More trouble for malls: A new wave of closures from Gap, Victoria`s Secret and others


More trouble for malls: A new wave of closures from Gap, Victoria`s Secret and others


  • Malls and shopping centers across the U.S. are preparing to be hit by more store closures.
  • A slew of specialty retailers like Gap and L Brands are getting serious about downsizing, which will leave more vacant storefronts within malls until landlords are able to replace tenants.
  • Meanwhile, a number of e-commerce brands are looking to open stores, as malls add co-working spaces and apartment complexes to the mix.

Mall and shopping center owners across the U.S. are preparing to be hit by more store closures, following a brutal year that included department store chains like Bon-Ton and Sears going bankrupt, Toys R Us liquidating and even Walmart shutting dozens of its club stores....

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RSK: Online shopping has put the sting in Mall owners high retail lease rates. They will need to negotiate and give a few more concessions to keep tenants.

Ken Notes: Malls will need to become destinations with things to do as well as things to buy...

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- - Volume: 6 - WEEK: 49 Date: 12/4/2018 9:56:57 AM -