A number of major chains, including Sears (NASDAQOTH:SHLDQ) and J.C. Penney (NYSE:JCP), have closed a lot of stores in recent years. That’s left malls with large anchor spots open that can’t easily be filled in the traditional way. That trend has also hit smaller mall retailers including Gap (NYSE:GPS), which has been closing stores, and Payless, which is shuttering all its stores. This trend isn’t limited to these chains and is having a major impact on malls.
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[youtube https://www.youtube.com/watch?v=NcS5oxC8xhk?feature=oembed]This video was recorded on June 18, 2019.
Shannon Jones: Another thing that I think is really interesting, you had a retail boom for a lot of these malls in the 90s, 2000s. Then the recession hit. You still have…
