malls

Vitamin World Files For Bankruptcy, Closing 51 Stores

Vitamin World Files For Bankruptcy, Closing 51 Stores

The decrease in foot traffic to malls claimed yet another victim: Vitamin World has filed for bankruptcy and outlined plans to close dozens of stores.  [More]

Westfield Corporation

Uber, Mall Team Up To Offer Dedicated Pickup Spots, Human Customer Service Reps

In a move designed to lure shoppers back to brick-and-mortar stores, mall giant Westfield is patterning up with Uber to offer dedicated drop-off and pick-up spots in 33 shopping centers — and some will feature real live humans to help with customer service. [More]

Mike Mozart

Payless ShoeSource Will Emerge From Bankruptcy This Week

Congratulations to Payless ShoeSource, the nation’s #1 source of light-up sneakers with Disney characters on them. The chain has filed for Chapter 11 bankruptcy during the current retail apocalypse that has survived the process without closing all of its stores and going out of business. [More]

Karen Chappell

Why Are New Malls Being Built During A Retail Apocalypse?

With a record number of recent retail bankruptcies, and national waves of store closings, how is it that there are more malls being built or expanded? Construction on shopping centers and even on enclosed malls is at its highest level since the summer of 2008. Are real estate developers in denial? [More]

Kaleb Fulgham

Starbucks Closing All Teavana Stores

It was almost five years ago that Starbucks paid $620 million to acquire mall tea chain Teavana, politely declining the $800 million tea tin upsell. While Teavana products are now for sale in every Starbucks cafe, including fruit-infused iced teas, the company announced this week that it will be closing the remaining Teavana retail stores over the coming year. [More]

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]