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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 ...
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 face of rising ...
The US mall is not dying. Eva Rothenberg, CNN. August 21, 2023 at 8:53 AM. Retail experts have long sounded the alarm on malls in the US. But malls are not going extinct, they are merely adapting ...
GNC closed over 900 stores in 2019, including between 300 and 400 of the chain's 800 shopping mall locations, which have been particularly hard-hit by declining foot traffic at malls overall. [130] Godiva Chocolatier closed all of its North American retail locations in 2021 after the chocolate company faced a decrease in sales and foot traffic ...
America's dying malls have claimed another victim -- Brookstone files for bankruptcy. Brookstone filed for Chapter 11 bankruptcy protection on Thursday. The gadgets and unique gifts store said it ...
A dead mall, [1] also known as a ghost mall, zombie mall or abandoned mall, is a shopping mall that has low consumer traffic or is deteriorating in some manner. [2] Many malls in North America are considered "dead" when they have no surviving anchor store or successor that could attract people to the mall.
See: 39 Dead (or Dying) American Malls Find: Macy’s to Close 37 Stores as the Retail Apocalypse Continues in 2021. ... but been nearly decimated by the COVID-19 pandemic. This has left owners of ...
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 ...