After a brutal year for most malls — capped off by a weak holiday shopping season thanks to the deadly COVID-19 pandemic —many that have struggled financially for years may finally vanish in 2021 as their tenants close up shop.
“Bankruptcies and store closings will accelerate again,” veteran retail executive Jan Rogers Kniffen said in a new missive to clients this week.
Of the roughly 1,100 malls left in America, Kniffen believes only 278 are viable in the post pandemic world where…
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