malls

Ben Schumin

Mall Owners Try Makeovers To Attract Customers Back

Americans still go to malls, but they aren’t shopping as much as they used to. Mall landlords have been able to replace vacancies left by failing stores with everything from restaurants to supermarkets to rock climbing gyms. While these new tenants might be paying higher rents, this transition is coming at a significant cost to mall owners. [More]

Nicholas Eckhart

As America’s Malls Wither, Medical Facilities Move In

If you’re looking to open a new medical facility — not just a couple of exam rooms and a reception area, but a proper clinic — you want something affordable, spacious, brightly lit, with good parking, and a central, convenient location. Thanks to the ongoing retail apocalypse, there are dead or dying malls around the country that fit this bill. [More]

Otavio

Owner of Ann Taylor, dressbarn, Lane Bryant, Maurices Could Close Up To 650 Stores

You may not know the name Ascena Retail Group, but you know the stores it owns, like Ann Taylor, dressbarn, Lane Bryant, Maurices, among others. Many of these stores could soon be closing if Ascena follows through on its proposal to shutter as many as 650 locations. [More]

Karen Chappell

Consumerist Friday Flickr Finds

Here are six of the best photos that readers added to the Consumerist Flickr Pool in the last week, picked for usability in a Consumerist post or for just plain neatness. [More]

Google Maps

Rue21 Officially Becomes Latest Retailer To File For Bankruptcy

Teen-targeted retailer rue21, which had already announced plans to close 400 stores and shift its focus to its website, has become the latest retail chain to file for bankruptcy, though it hopes to remain operational. [More]

CBS New York

Mallgoers Would Rather Deal With Pigeon Poop Than Noisy Bird Call Recordings

Although music to shop by isn’t going to please everyone, shoppers at one New York mall would rather risk getting hit by bird droppings than listen to the sounds coming out of the complex’s speakers. [More]

Phillip Pessar

Bebe To Close All 180 Stores; Future Plans Uncertain

The rumors that women’s clothing retailer bebe might exit the mall and go online-only were apparently true, as the company has announced plans to shutter all 180 of its stores this spring. [More]

Ben Schumin

Department Store Departures Will Be Good For Malls In The Long Run

While the nationwide retail apocalypse has led to lost jobs and terrible liquidation sales, there’s one piece of good news for consumers and for the companies that own malls. As old-fashioned anchors like Sears and JCPenney move out, more diverse stores, restaurants, and entertainment venues are moving in, and they’re paying much higher rents. [More]

Nicholas Eckhart

What Killed The Malls Of The ’70s & ’80s? Newer, Better Malls, Not Amazon

Why are American malls dying? Conventional wisdom often points the finger of blame at Amazon and a desire for shopping from home in your pajamas, but a new analysis claims that the real culprit is competition from newer, better malls that aren’t feeling the same pain as their withering forefathers. [More]

Google Maps

Rue21 Closing 400 Stores, Focusing On Online Sales

Teen retailer Rue21, which has been the subject of recent bankruptcy rumors, has decided to shutter 400 stores and put more of its attention to online sales. [More]

J.G. Park

The Retail Sector Lost 30,000 Jobs Last Month

We’ve focused a lot in recent months on the worrisome trend of retail bankruptcies and all the stores and malls being left vacant in their wake. But a new federal jobs report gives an idea of the impact these tough times have had on workers, with nearly 30,000 retail jobs vanishing in March. [More]

Ben Schumin

Investors Betting That Mall Owners Will Default On Mortgages

Nearly a decade ago, some investors scored big payouts by predicting that the housing boom’s glut of mortgage-backed securities would turn out to be toxic. Now there are investors betting on the hope that more mall owners will soon be letting their properties go into foreclosure. [More]

Mike Mozart/Mike Mozart

As Sales Sink, Urban Outfitters CEO Declares Retail “Bubble Has Burst”

The last few years haven’t exactly been great for long-time mall retailers, with chains like Wet Seal, BCBG, Aeropostale, and The Limited filing for bankruptcy, while Abercrombie & Fitch and Barnes & Noble struggle to remain relevant. Now that two additional mall mainstays — Express and Urban Outfitters — one CEO is saying that retailers have no one to blame but themselves. [More]

Nicholas Eckhart

JCPenney To Close 130 to 140 Stores Over Next Few Months

This morning, JCPenney revealed plans to shutter more than 100 stores, putting it in the unwelcome company of other anchor store stalwarts — like Sears and Macy’s — who have recently begun paring down their retail footprint. [More]

Nicholas Eckhart

Buying Up Dying Malls Can Be A Viable Business

We hear so often about the fading of brick-and-mortar retail that it might seem hard to believe that there are companies out there in the market to buy more malls. Yet there are buyers for distressed malls, even when the owners are about to walk away. There are companies that specialize in this kind of thing, and they aren’t tearing them all down or turning them into apartments. [More]

Phillip Pessar

Wet Seal Files For Second Bankruptcy Since 2015

In a move that will surprise no one, young women’s clothing retailer Wet Seal has filed for bankruptcy for the second time in just over two years. This time, the chain will not be re-organizing, and it’s unlikely that a new owner will come along and rescue the business out of bankruptcy. [More]

J.G. Park

Mall Owners Let Properties Go Into Foreclosure, Walk Away

It’s not hard to believe that the owners of malls might be looking to get out of the mall business. Developing shopping centers may have looked like a solid investment for most of the last 60 years or so, but now owners are calculating that it’s better to let them go into foreclosure than to try keeping them open. [More]

Nicholas Eckhart

Macy’s Announces 68 Store Closings Across The Country; Here’s The List

The holiday season is over, and it’s time for retailers to figure out exactly how terrible the holiday season was. Macy’s, which is still trying to figure out a business model for department stores in general, announced its quarterly results along with a long list of stores across the country that are closing. [More]