US Store Closures: Department Store Closures Exacerbate Challenges Faced by Mall Owners

What's Inside

With US department store closures rising amid the coronavirus crisis, we discuss the impact on the department-store sector in terms of the acceleration of store closures, Chapter 11 bankruptcy filings and the knock-on effects for mall owners and retail as a whole.

This report covers the following key content:

• An overview of recently announced department store closures—such as JCPenney and Macy’s
• Developments relating to major department store retailers that have filed for bankruptcy, including Neiman Marcus and Stage Stores
• Implications for mall owners as anchor stores vacate their malls—and the challenge of finding new tenants

Click here to read our US Store Closures 2020 Outlook.

Read our separate reports that further explore how REITs are looking to acquire struggling retailers and our expectations for the acceleration of bankruptcy filings through the remainder of the year.

Click here to read Coresight Research’s ongoing coverage of the coronavirus pandemic, and visit our Coronavirus Tracker for more information on temporary store closures and key developments.