Like we didn’t see this one coming from a mile away. According to this Business Insider report, 100’s of C and D level malls are on the verge of closing.
Hundreds of shopping malls in the US are at risk of closing.
Since the start of the year, more than 1,500 store closures have been announced by retailers including JCPenney, Macy’s, Sears, American Apparel, The Limited, and Abercrombie & Fitch. Most of the closures will happen over the next several months.
The nation’s highest-performing malls, which are characterized in the industry as “A” and “B” malls, should be largely insulated from the fallout.
These shopping centers, which represent about 30% of malls in the US, are already battling declining customer traffic, falling occupancy rates, and low sales productivity, according to the real estate research firm Green Street Advisors.
If you found this article useful, please consider donating to fund my work.
Thomas Dishaw is an activist and the editor of govtslaves.info. He has written for naturalnews.com and has been the subject of numerous hit pieces published by The Daily Mail, New York Daily News, Forbes and Gawker. Thomas currently resides outside of Philadelphia, PA with his wife and dog. You can support Thomas' work by making a donation below or purchasing some gear from the Gov't Slaves Store. You can reach Thomas via email at email@example.com or follow him on Instagram.