Half of mall-anchored department stores could close within a year

If you’re looking for some post-lockdown retail therapy, your choices may be limited. More than 50 percent of department stores anchoring shopping malls could permanently close within the next 12 months, according to a Green Street Advisors report cited by CNBC. Anchor department stores are themselves key to the financial viability of mall properties, but closures could also trigger problems with smaller mall tenants. Not only do anchor tenants bring in foot traffic to other

source https://therealdeal.com/2020/05/02/half-of-mall-anchored-department-stores-could-close-within-a-year/