Gap Inc. plans to close 350 of its eponymous and Banana Republic-branded stores nationwide, mostly in malls, as part of a company-wide restructuring of its brick-and-mortar footprint.
Continue Reading
Mall owners nationally are embracing the idea of leasing vacant anchor stores to e-commerce entities like Amazon for fulfillment center or ghost kitchens.
Continue Reading
More than half of all mall-based department stores could close by the end of 2021, according to Green Street Advisors.
Continue Reading
Gov. Andrew Cuomo directed New York indoor malls to shut down at 8 p.m. Thursday.
Continue Reading
The timing could not be worse. With malls already suffering from declining traffic, analysts expect that fear caused by the spread of the coronavirus is likely to further dampen traffic
Continue Reading
In 2019, more than 9,100 stores closed across the country, the highest number of any single year. Mall closures alone have reached 4,087 this year, a 140% increase year over year from the 1,696 closures in 2018,
Continue Reading
After nearly two decades of stalled starts and multiple developers, the American Dream mall is scheduled to open its doors Oct. 25
Continue Reading
The statistics are alarming and the writing is on the wall for some retailers with Rockland locations that have been cornered by debt, obsolescence, and declining mall traffic.
Continue Reading
Rolling Cow Ice Cream Shoppe opened its first location in Paramus, New Jersey and is now looking for additional franchisers to sell the stir-fried ice cream, which puts an Asian spin on a favorite classic.
Continue Reading