In 2018, like many other department stores, Macy’s in Burlington, Vermont, closed its doors. In 2021 it reopened as a school. Toxic chemicals had been found at Burlington High, and the empty Macy’s offered an airy stopgap until a new building could be ready in 2025. Pupils have grown used […]
malls
Over the last decade, malls have fallen increasingly out of favor. Once showcased in popular culture as a prime place to meet friends and socialize, they have increasingly come to represent all that’s wrong with consumer culture. When it comes to mall irony, though, few people have felt it as […]
Few investors are queuing up to buy America’s unloved regional shopping malls. Landlords like Westfield’s owner need creative ways to unload them if they are to patch up their stock prices. U.S. malls have lost a third of their value since their 2017 peak as the pandemic has accelerated the […]
A coronavirus disease (COVID-19) health pass poster reading “Enter, Scan, Enjoy” is seen at a restaurant as France brings in tougher restrictions where a proof of immunity will be required to access most public spaces and to travel by inter-city train in Nice, France, August 9, 2021. REUTERS/Eric Gaillard PARIS, […]
Igal Namdar and Elliot Nassim first teamed up a decade ago to buy problem U.S. shopping malls. Now they rank among the biggest all-cash buyers of the nation’s hard-luck malls. The pandemic has made it even tougher for mall property owners already struggling to keep up on mortgage payments, resulting […]
Police said one shooting happened Friday night at Castleton Square Mall and the other was Saturday at Lafayette Square. INDIANAPOLIS — A holiday weekend filled with gun violence in Indianapolis included shootings at two shopping malls. Three people showed up at area hospitals with gunshot wounds. The first shooting happened […]
Simon Group adjusting face mask rules for 13 Massachusetts shopping malls Updated: 5:57 PM EDT May 21, 2021 The largest shopping mall operator in the United States, which owns 13 locations in Massachusetts, is adjusting its face mask rules.Simon Property Group, which has shopping centers, malls and retail properties in […]
Malls that buckled due to e-commerce or suffered during the pandemic are being given new life by the very entity that precipitated their decline — Amazon. Over the last several months, the retail giant has gone on a shopping spree of its own, buying up disused malls across the country […]
Businesses and shopping centers in Karmiel reopened on Tuesday morning, in violation of government guidelines, N12 reported. While malls and shopping centers across the country remain closed due to the coronavirus pandemic, the city of Karmiel in northern Israel has taken the law into its own hands and has announced: […]
Dozens of shopping and strip malls opened Sunday across Israel in defiance of Health Ministry restrictions, following through with threats from business owners last week.Many major chains opened Sunday as well, along with numerous street shops and independent businesses. According to the current restrictions enacted Sunday, following the end of […]
NOVI, Mich. – No fewer than 20 nationally known retailers have recently filed for bankruptcy. J. C. Penney, Nieman Marcus and Pier 1 Imports are just a few. Now the once vaunted shopping malls you often found these chains inside of are getting hit hard as well. There are implications […]