You are here

With US department stores vanishing, malls could be next

BT_20200707_MALL7JHYS_4167181.jpg
The standard American mall was built around department stores. With many of those stores rapidly disappearing, experts estimate that 25% of the nation's nearly 1,200 malls are in danger.

New York

THE directory map for the Northfield Square Mall in Bourbonnais, Illinois, has three glaring spaces where large department stores once stood. Soon there will be a fourth vacancy, now that JC Penney is liquidating stores after filing for bankruptcy.

With so much empty space...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes