Wednesday, December 5, 2018

All the space department stores take up could build 350 malls—that may be way too much

CNBC
Even with Sears and Bon-Ton filing for bankruptcy protection this year, and shutting hundreds of locations, department stores still account for more than 350 million square feet of mall space across the United States. And that's likely way too much.

Companies like Macy's, J.C. Penney and now-bankrupt Sears — which still has hundreds of locations open — continue to evaluate their massive real estate portfolios, and industry analysts expect more store closures to come. . . . more