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Dead mall. 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.
Years later, the watch company was profoundly impacted by COVID-19 and announced the closure of at least 75 locations in March 2021. [117] Foot Locker announced plans to close 400 locations by 2026, mostly those underperforming in malls, to focus on experimental concepts and better customer outreach. [118]
Just 700 malls are still standing nationwide, down from 2,500 in the 1980s, Nick Egelanian, president of retail consulting firm SiteWorks told The Wall Street Journal last year. Egelanian predicts ...
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 ...
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 ...
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 ...