Is the mall dying?
Is the mall dying?
American malls are dying out. Retail complexes all over the US are being clobbered by store closures sweeping the country. Retailers have announced more than 8,600 closings so far in 2019 and according to a report done by Credit Suisse in 2017, between 20% to 25% of malls will close by 2022.
How much longer will malls last?
25% of U.S. malls are expected to shut within 5 years. Giving them a new life won’t be easy. Coresight Research estimates 25% of America’s roughly 1,000 malls will close over the next three to five years. The coronavirus pandemic has accelerated a demise that was already underway.
Will malls ever make a comeback?
In 2020, malls are trying to make a comeback — but with a twist. While the retail bastions of the 20th century, like Sears and Macy’s, are hurting, America’s big malls and shopping centers are still alive and finding new ways to get people through the door.
Is Bath and Body Works Going Out of Business 2020?
Bath & Body Works: 50 stores Bath & Body Works parent company L Brands said in May that it plans to close 50 stores in the US in 2020.