Tuesday, October 1, 2019

Here’s why the Forever 21 bankruptcy could be really bad news for US mall owners

CNBC
Multiple retail real estate analysts who spoke with CNBC agree that Forever 21 store closures could cause mall owners like Simon Property Group and Macerich more trouble than when other apparel retailers shut down.

The average Forever 21 store is close to 40,000 square feet but there are some locations that span more than 100,000, which is more like the size of a traditional department store. Larger locations can prove to be much more difficult to fill. . . . more