Thursday, October 31, 2019

CEO of biggest US mall owner says retail industry is ‘reaching the bottom’ of bankruptcies

The CEO of the biggest mall owner in the U.S., Simon Property Group, says the retail industry looks to be “reaching the bottom” of a tumultuous wave of bankruptcies.

“We are having a high bankruptcy year. ... There’s no denying that,” David Simon told analysts during a post-earnings conference call on Wednesday morning.. . . more