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Retail

Leader of US shopping center lobby issues statement as malls gasp for breath

July 20, 2020

U.S. department store chain Neiman Marcus, currently in Chapter 11 bankruptcy proceedings, has four big leases for sales in malls across the United States. Department stores typically anchor malls in the U.S. and their departure typically triggers escape clauses for other brands and retailers. Image credit: ICSC U.S. department store chain Neiman Marcus, currently in Chapter 11 bankruptcy proceedings, has four big leases for sales in malls across the United States. Department stores typically anchor malls in the U.S. and their departure typically triggers escape clauses for other brands and retailers. Image credit: ICSC

 

By Luxury Daily News Service

The U.S. shopping mall is fighting for its existence as the COVID-19 coronavirus outbreak has temporarily shuttered stores and restaurants in these theatres of retail that are home to luxury goods and specialty brands.

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