With US department stores vanishing, malls could be next
Tue, Jul 07, 2020 - 5:50 AM
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.
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.