There’s no easy way to say it: malls as we once knew them are changing. As consumer behaviors shift, major retailers are pulling up stakes, leaving holes in shopping centers all over the country.
Over the next few months, 42 Sears locations are expected to close up shop, while 108 Kmart stores do the same. Macy’s is also expected to shutter 100 locations — nearly 15 percent of its store base — according to recent reports.
The departure of these “anchor stores,” that once served to drive business to smaller retailers at these shopping centers, has Read full story ›
Source: The Drum