Find in the news:
BY COUNTRY

Sears on downward spiral – closing stores



Sears has experienced a decline since it merged with Kmart during 2005 and there is no end in sight.
The company stated that it may sell its majority stake in Sears Canada which is responsible for 20% of the global stores. In the last year, the company has inconspicuously closed about 100 U.S. stores.  It is expected to reveal bad first quarter results shortly and may be closing additional stores.

Analyst John Kernan said that the group has too many stores and they are losing a lot of money.  The expectation is that 500 U.S. stores will be closed over the next few years and eventually Sears will disappear.

Sears used to be the largest retailer and employer in the nation.  It reshaped shopping methods in the U.S. with huge department stores and catalogues.  However, the Kmart merger spelt disaster from the onset.  Sales have dropped yearly since 2006 and it has been showing losses since 2011.

The sale of the Canadian stores will raise cash they desperately need.  The company recently sold the Lands’ End unit.  Analysts state that the company’s investment policy is their downfall.


More about shopping malls in the USA



TODAY, United Kingdom:
An in-store cashback app that will provide retailers to force footfall by rewarding customers for spending in stores.
Apr 15, 2019, France:
The brand relies on pop-up stores and new men's clothing lines.
Apr 15, 2019, United Kingdom:
Iconic athleisure brand, Champion, is to open its first UK outlet store at Wembley Park’s London Designer Outlet.
Apr 11, 2019, Spain:
Winners of the most prestigious European retail property award were announced in Barcelona.
Apr 11, 2019, Slovenia:
Slovenia’s most modern shopping center, ALEJA, which is being built in the Šiška district of Ljubljana, will open next year.
Apr 10, 2019, Sweden:
Swedish fashion giant Hennes & Mauritz announced the launch of a pilot project for the sale of second-hand and vintage clothing online.
ICSC ECE

Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets
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
Westfield World Trade Center GLA:365 000 SF
ADDRESS: World Trade Center, Manhattan, NY 10007


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