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The following retailers have all either closed or announced plans to close large numbers of retail locations, since 2010, during a time period labelled a "retail apocalypse" by media, accelerated by both the increase in online shopping and then by the economic impact of the COVID-19 pandemic.
Retail apocalypse. Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 [2][3] and accelerating due to the mandatory closures during the COVID-19 pandemic. In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the ...
While many American malls are dead or dying, Cross Creek Mall in Fayetteville is thriving. Foot traffic continues to exceed pre-pandemic levels, said Jessica Kirkman, spokesperson for Cross Creek ...
The US mall is not dying. Eva Rothenberg, CNN. August 21, 2023 at 8:53 AM. ... noting that 78% of Gen Zers and 70% of Millennials follow luxury brands on social channels. “They are wanting an in ...
As of June 16, Mall of America owner Triple Five Group was reported to have missed three consecutive payments on a $1.4 million debt mortgage for the property. [43] Two shopping malls closed on June 30, Metrocenter in Phoenix, Arizona, and the Cascade Mall in Burlington, Washington. Both directly cited the pandemic as a contributing factor in ...
Already burdened with closures and dwindling business, malls and department stores around the country are getting battered by COVID-19 lockdowns. Mohammad Rahman, professor of management at the ...
None. Launched. January 20, 2000; 24 years ago (2000-01-20) Deadmalls.com is an independent non-profit website featuring shopping malls in the United States that have failed or are in the process of failing. The site features nearly 450 listings of dead or dying shopping malls, many with pictures and historical narratives.
Amazon, which has done as much as any company to bring about the demise of shopping malls in the United States, has now come full circle by buying up struggling malls and turning them into...