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Some stores in the complex didn’t survive pandemic closures, but other tenants expanded or relocated.
Retail centers in wealthy neighborhoods with high-end shops have survived, but middle- and lower-tier malls may struggle.
Retailers realize the pandemic has also shifted a lot of shopping online.
From Victoria’s Secret to J.C. Penney, struggling retailers have taken a couple of different paths to try to remain in business.
The commercial landlord agreed to lower mall retailers’ base rents for a bigger cut of their sales.
When a customer refuses to wear a mask inside the Butte Plaza Mall, manager Alana Ferko gets called in to help.
The dominoes just keep falling: Banks, utilities, internal employees, maintenance crews — they could all lose out.
Mall real estate is facing a crisis with department store sales down and bankruptcies up.
They can’t let the retailer fail.
After closing for a month, the Butte Plaza Mall sees an increase in foot traffic and acceptance of new rules.