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Stories Tagged as

Malls

Lord & Taylor's final sale: Who will buy all that real estate?

by Marielle Segarra
Aug 28, 2020
The venerable department store is closing all 38 of its brick-and-mortar locations after filing for Chapter 11 bankruptcy.
Pedestrians walk past a shuttered Lord & Taylor department store in Garden City, New York. on May 12.
Bruce Bennett/Getty Images
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Amazon in talks with Simon Property Group on taking over mall space

by Andy Uhler
Aug 10, 2020
But for those other mall tenants, sharing space with Amazon might feel like an insult.
A closed JC Penney department store in North Carolina. Amazon is in talks with Simon Property Group — which owns closed Penney and Sears stores — about using the space as fulfillment centers.
Andrew Caballero-Reynolds/AFP via Getty Images
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COVID-19

As big department stores struggle, other mall tenants falter, too

by Erika Beras
Aug 10, 2020
Malls were already having a tough time before COVID-19 with the rise in online shopping. The pandemic accelerated those e-commerce trends.
When malls start to lose retailers, it hurts all of the other tenants still there like movie theaters, restaurants and more.
Al Bello/Getty Images
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COVID-19

What will COVID-19 do to shopping malls?

by Marielle Segarra
May 6, 2020
They were struggling before the coronavirus pandemic. If anchor stores close, that could have a domino effect on smaller shops.
The Westfield Annapolis Mall is barricaded and closed in Annapolis, Maryland, in March.
Jim Watson/AFP via Getty Images
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In buying Forever 21, mall owners buy themselves some time

by Marielle Segarra
Feb 3, 2020
Nearly half of the malls owned by Simon Property Group and Brookfield have a Forever 21 in them.
Drew Angerer/Getty Images
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How turning retail space into office space could pay off in Butte, Montana

by Kai Ryssdal and Bennett Purser
Apr 23, 2019
A call center is bringing new hope — and jobs — to a burdened mall.
Oli Scarff/Getty Images
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A Montana mall gets another chance

by Kai Ryssdal and Bennett Purser
Jan 16, 2019
After years of watching department stores fall, a mall turns to the mixed-use concept.
“If there's one thing that retailers do, it's that we adapt," said Butte Plaza Mall manager Alana Ferko. “If you don't adapt, you'll go the way of the dinosaur."
Oli Scarff/Getty Images
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For big retailers, a mixed bag of holiday results

by Renata Sago
Jan 10, 2019
We heard a lot of rosy retail forecasts heading into the holiday season. Consumer confidence was high, the economy was strong and sales were going to be great. How’d it pan out? A bit of a mixed bag, actually. Some big retailers, like Target and Costco, have posted strong holiday sales results. Others, like Macy’s […]
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The American Dream Miami mall could be an urban planning nightmare for residents

by Maria Bakkalapulo
Jul 4, 2018
American Dream Miami, a $4 billion retail and entertainment complex, won final zoning approval in May to build on undeveloped land off the Florida Turnpike. This 6.2 million square foot project will include an indoor ski slope, live performance space, a water park with a submarine ride and even a film studio. It will be […]
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As retailers shutter stores, mall operators fight back

by Erika Beras
Jan 3, 2018
This year could see thousands of additional store closures in malls across the country, according to a new study from commercial real estate company Cushman & Wakefield. That’s on top of some 9,000 store closings last year. Mall operators are trying a variety of options to secure their own future. Click the audio player above […]
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