The fate of many of the nation’s malls hangs in the balance after Macy’s just announced it will close 125 of its stores over the next three years, most of them Macy’s. The move will leave Macy’s with only about 400 stores remaining after shrinking from a high of 773 stores in 2014.
To add insult to injury, Sephora just announced it would open 100 new stores, but most of those will be outside traditional malls where they have been an important in-line tenant.. . . more