Sears could kill hundreds of American shopping malls
|09/29/2016||Posted by BusinessMediaguide.Com under General World News||
Sears’ decline is threatening to kill off at least 200 shopping malls, according to a new report.
The retailer has closed 22% of its stores in the last decade, and it’s expected to shutter even more locations as it struggles to stay afloat following years of declining sales, Credit Suisse analysts wrote in a recent report.
When anchor stores like Sears shut down, shopping malls tend to suffer financially and eventually shut down.
That’s because malls must find a replacement tenant for the massive retail space that the anchor store occupied, which is nearly impossible — especially in malls that read more >>>