News Formal

Department stores shutting down could push malls into extinction - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Anchor stores like JCPenney and Macy's once drew crowds to suburban malls. Now their struggles could push hundreds of malls into extinction.

UBS recently estimated that about one in five clothing and accessories stores — or roughly 24,000 locations — will close in the next five years and pandemic hammers retailers. When anchors close, malls are put in the challenging position of finding new tenants for their biggest stores or facing sharp declines in business.

"If Neiman's rejects a lease, I don't know who's going to pick up that space," said Paul Steven Singerman, co-chair of the Florida-based bankruptcy and restructuring practice Berger Singerman. "That's a big bite in terms of space and a highly stylized interior that might not work for other 'A' retail-anchor types."

In best-case scenarios, malls have redeveloped anchor spaces and found tenants able to pay even higher rents, like restaurants or apartment complexes. Cowen analyst Oliver Chen has predicted that as many as 400 malls could close as retailers shut more stores permanently in response to the pandemic.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Business Insider presents: Starting Up with Slack cofounder and CTO Cal Henderson - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Curbside pickup helped retailers that closed stores during pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. costcocanada you've missed out on this big time. We would have loved to continue shopping there but chose to shop curbside They definitely put the Dick's picture there on purpose under that headline.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

How Barbara Corcoran's Shark Tank businesses are pivoting due to COVID - Business InsiderBarbara Corcoran says her 'Shark Tank' businesses have reinvented themselves during the pandemic. 4 of them told us their winning strategies — and how one is posting revenue 15 times higher than a year ago.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »