Find in the news:
BY COUNTRY

American retail chains are going bankrupt and closing thousands of stores



Around 25,000 stores will be permanently closed in American malls by the end of the year.
Closed sign Pexels

U.S. shopping malls faced a wave of closures of famous brands in June as consumer activity declined. Retail businesses continue to be under severe pressure due to the problematic epidemiological situation in the country. 

Experts note that the events of June are a harbinger of more serious consequences of the crisis in the retail and shopping center market in the future. It is expected that about 25 thousand shops will be permanently closed in American malls in 2020, writes CNN Business. 

For comparison, in 2019, the country was closed about 9300 shops. But today, in light of recent events, customers continue to switch more actively to online shopping. Therefore, it is expected that the number of closures in the physical retail market will increase significantly. 

In June, the chain of restaurants and entertainment centers Chuck E. Cheese announced the closure of 45 locations amid the bankruptcy of its parent company CEC Entertainment. 

GNC, which has specialized in vitamin and nutritional supplements for 85 years, announced the bankruptcy and closure of approximately 1,200 of its 5,800 U.S. retail locations. 

Withdrawn two years ago, U.S. fashion giant Gap's Hill City sports brand will cease operations by the end of 2020. 

The JCPenney network has announced the closure of 13 more department stores in addition to the 250 closures announced in May following the company's bankruptcy petition. 

Spanish fashion retailer Inditex, the most significant player on the world market in terms of revenue, is preparing to close about 1,200 stores in two years and significantly refocus its business on online channels.

More about shopping malls in the USA



TODAY, USA:
Stüssy is preparing to launch the new archive store in Brooklyn, New York, for one month.
YESTERDAY:
Located on Broadwick Street in Soho, London.
DAY BEFORE YESTERDAY, USA:
Luxury fashion house Balenciaga inaugurated its first standalone store in Chicago, Illinois.
May 21, 2024, France:
Some fashion brands are opting to hold their showroom presentations in Milan this season due to logistical challenges posed by the Olympics.
May 20, 2024:
The collection follows the recent launch of Zara's 'Timelesz' line and represents another step in enhancing its kids' division.
May 17, 2024:
David Beckham has signed a multi-year design deal with Hugo Boss
Friend
and Follow
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Mall of Qatar GLA:1 743 753 SF
Qatar . Doha
Mall of Qatar
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
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