https://www.cnn.com/2019/02/28/business/gap-old-navy-separate/index.html
https://www.cnn.com/2019/02/28/business/victorias-secret-stores-l-brands/index.html
Two more big blows to mall traffic and real estate value.
4 replies (most recent on top)
Can’t redevelop the malls with the big box Sears sitting there. Eddie has been slowly selling off the leases for years. Mall traffic is irrelevant to the retail model too because if someone wants to shop at Sears it has its own entrance.