Over 50% of malls with department stores are predicted to close by 2021, real estate services firm says [MSNBC.com]
Macy's Inc (M)
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Source: MSNBC.com
First, the department store closes. Then, the apparel shops try to scoot out of deals. This is a one-two punch that could trigger a wave of malls shutting for good over the next 12 months.More than 50% of all the malls anchored by department stores in America could close permanently by the end of 2021, a new report by Green Street Advisors predicts. There are about 1,000 malls still open in the U.S. And roughly 60% of those have department store retailers, such as Macy's, as anchor tenants, the commercial real estate services firm said.coronavirus pandemicJ.C. PenneyNordstromUp until now, it has been years of "kicking the can down the road," said Vince Tibone, an analyst atOne likely scenario to play out at malls is that in-line tenants — such asGapVictoria's Secretthese clauses give companies the ability to demand rent relief, or to break leases early, when anchor space sits vacant"Many malls will now be faced with multiple anchor vacancies, a tough place to come back from, especiall
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News
- Florida authorities arrest 7 people in major retail theft ring, recovering over $900,000 in stolen goods [CBS News]CBS News
- Macy’s, Inc. to Report Fourth Quarter and Fiscal Year 2025 Results on March 18, 2026Business Wire
- 7 Ways Saks Global Chose Bankruptcy Over Luxury Retail: Series Finale [Forbes]Forbes
- 168-year-old mall anchor closing more stores [Yahoo! Finance]Yahoo! Finance
- Where $700 Million Saks Global Left On The Table Is Headed, Part 5 [Forbes]Forbes
M
Earnings
- 12/3/25 - Beat
M
Sec Filings
- 3/3/26 - Form 4
- 2/27/26 - Form 8-K
- 2/18/26 - Form 8-K
- M's page on the SEC website