3 ms·
Article title is slightly misleading. Later in the article: "An analysis by The Standard shows that 45 stores, or 46% of the mall’s 97 pre-pandemic retailers,
by canucker2016 3y ago
Article title is slightly misleading.
Later in the article:
"An analysis by The Standard shows that 45 stores, or 46% of the mall’s 97 pre-pandemic retailers, have closed since 2020. While 21 new stores have opened in the past three years."
So -46 existing stores and +21 new stores for total of -25 stores (down about 25% from pre-pandemic). Losing Nordstrom doesn't help.
The property managers are walking away from the mall, so there doesn't seem to be much confidence wrt profitability of the mall, esp. given rising interest rates.