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Withdrawn two years ago, U.S. fashion giant Gap's Hill City sports brand will cease operations by the end of 2020.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



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
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence


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