Find in the news:
BY COUNTRY

7,000 Stores Closed in the U.S. in Six Months



In the second quarter, retailers left the shopping streets at the fastest rate since 2011.
Charming Charlie

In the first six months of 2019, more than 7000 retail stores were closed in the U.S. market, according to the report of research company Coresight Research. In the second quarter, the pace of retailers' exit from the shopping streets was the highest since 2011, analysts say. By July 18, the number of closings amounted to 7426 retail outlets. 

By results of all 2019, it is predicted that about 12 thousand retail objects will leave the market, which is almost twice as much as in 2018. Retailers are reducing their floor space both because of financial insolvency and as part of a business optimization program and the transition to online trading. At the beginning of the year, the U.S. Department of Commerce reported that online sales in the country were, for the first time in history, higher than in traditional retail. 

It is known that bankrupt retail chains Charlotte Russe and Charming Charlie will close in total about 800 stores. Gap, Fred's and Victoria's Secret have significantly reduced the number of retail outlets. At the same time, the share of vacant premises in shopping centers across the country is growing. While the occupancy rate for the most high-class objects is 97% on average, in the lowest segment of shopping malls, this indicator is at the level of 67%. Shopping centers owners often invite tenants of other profile to replace closed shops. 

More about shopping malls in the USA



YESTERDAY, North America, North America:
A retailer has filed several new trademark applications, indicating that it intends to produce and sell virtual goods.
Jan 15, 2022, United Kingdom:
Selfridges will be the first-ever entry into the meta-universe, and for the department store's customers, it will be a unique token buying experience.
Jan 15, 2022, Japan:
Fast Retailing CFO: "It's time to review and raise prices on some products as we face higher costs."
Jan 14, 2022, USA:
Employees who have not been vaccinated could be laid off as early as January 15, 2022.
Jan 14, 2022, United Kingdom:
Among the top three streets in the world are London's Oxford Street, Madrid's Gran Via, and New York's Fifth Avenue.
Jan 13, 2022, China:
A total of 12 flagship department stores, 90 stores, and more than 60 catering facilities will be located at the complex.
Friend
and Follow
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us