Sunday, February 2, 2020

Dead and dying malls illustrate the decline of bricks-and-mortar retail (Fashion Square Mall in Charlottesville, Virginia)





Photo credit Forbes

Reported in Fashion Square mall facing 'imminent default,' analysts say.  (The Daily Progress, 2/1/2020)
 Representatives from the mall did not respond to a request for comment by press time. 
A number of mall stores that have closed since late 2018 were owned by companies that declared bankruptcy — Sears Holdings, Charlotte Russe, Crazy 8, Payless ShoeSource, Charming Charlie and Motherhood Maternity. Others, like Gap, which closed on Jan. 26, closed as part of a company restructuring plan.

A deeper dive (3/22/2019)

No comments: