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Stories Tagged as

Malls

COVID-19

South African luxury mall navigates the return to in-person shopping

by ish Mafundikwa
Nov 26, 2021
Some stores in the complex didn't survive pandemic closures, but other tenants expanded or relocated.
Shoppers walk by the Nelson Mandela statue at Sandton City in Johannesburg, South Africa in 2010. When the pandemic began, all nonessential stores at the luxury shopping center were forced to close.
Gianluigi Guercia via Getty Images
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Malls turn to luxury retailers

by Matt Levin
Nov 23, 2021
Retail centers in wealthy neighborhoods with high-end shops have survived, but middle- and lower-tier malls may struggle.
Purveyors of luxury goods have largely fared better during the pandemic than lower-end shops.
Spencer Platt via Getty Images
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COVID-19

Are malls and department stores really springing back to life?

by Andy Uhler
May 24, 2021
Retailers realize the pandemic has also shifted a lot of shopping online.
Retailers like Macy's and T.J. Maxx reported significantly higher sales this first quarter relative to 2020.
Joe Raedle/Getty Images
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EEC: Documentary Studies

What happens when a store starts to die?

by David Brancaccio and Rose Conlon
May 13, 2021
From Victoria's Secret to J.C. Penney, struggling retailers have taken a couple of different paths to try to remain in business.
Valerie Macon/AFP/Getty Images
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Simon Property Group bets on retail comeback with store leases

by Marielle Segarra
May 11, 2021
The commercial landlord agreed to lower mall retailers' base rents for a bigger cut of their sales.
Rather than evict or sue some of its tenants that missed rent payments, mall owner Simon Property renegotiated "break points."
Spencer Platt/Getty Images
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COVID-19

Running a mall is "still a struggle" nearly a year into the pandemic

by Kai Ryssdal and Andie Corban
Feb 26, 2021
When a customer refuses to wear a mask inside the Butte Plaza Mall, manager Alana Ferko gets called in to help.
Gil Cohen-Magen/Getty Images
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What happens after a mall defaults on its loans?

by Marielle Segarra
Oct 27, 2020
The dominoes just keep falling: Banks, utilities, internal employees, maintenance crews — they could all lose out.
Screen shot PREIT marketing materials
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COVID-19

What’s next for struggling shopping malls?

by Mitchell Hartman
Oct 19, 2020
Mall real estate is facing a crisis with department store sales down and bankruptcies up.
A nearly empty mall in Bloomington, Minnesota, in June.
Kerem Yucel/AFP via Getty Images
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What do the mall owners Simon and Brookfield see in J.C. Penney?

by Marielle Segarra
Sep 10, 2020
They can't let the retailer fail.
A closed J.C. Penney store at a mall in San Bruno, California. The retailer is an anchor store in a lot of malls.
Justin Sullivan/Getty Images
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COVID-19

A shopping mall embraces a different normal

by Kai Ryssdal
Sep 3, 2020
After closing for a month, the Butte Plaza Mall sees an increase in foot traffic and acceptance of new rules.
Shoppers at a mall in Costa Mesa, California. Many retail locations are reopening with reduced capacity and new safety rules.
Mario Tama/Getty Images
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