It’s extremely clear that shoppers’ preferences are changing and those retailers and malls that can’t adapt are treading water or worse.
U.S. regional malls have struggled as anchor department stores like Sears, J.C. Penney and Macy’s have shuttered locations. However, some landlords—including Philadelphia-based PREIT—see these closures as an opportunity to recapture spaces and backfill them with higher-performing users. . . . more