Sentences with phrase «anchor stores announced»
Not exact matches
Once dominant United States department store operators such as Macy's and J.C. Penney have announced plans to shut hundreds of stores in recent years, putting pressure on landlords to find new «anchor tenants» or come up with new ways to grow returns.
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Two of Simon's three top tenants, Gap Inc. and Abercrombie & Fitch, have closed hundreds of stores in the past two years and have announced more to come; anchor department stores are shutting their spaces too.
Traditional mall anchors, such as Macy's, J.C. Penney and Sears, have announced numerous store closings in recent months.
Two notable cases were Macy's and Sears, traditional anchor tenants of US shopping malls, which each announced the closure of more than 100 stores.
Rouse announced it has completed a buyback of the Lord & Taylor anchor space at Fashion Show Mall in Las Vegas and plans to convert the store into two levels of small - shop space.
J.C. Penney Co. and Macy's Inc. announced massive store - closure plans, which will ripple throughout the industry because their locations anchor shopping malls.