If lord and Taylor is going down and jcpenny is restructuring , M is the last man standing but that’s only good if other stores in the mall survive. Let alone the food courts.
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I'm rooting for JCP to survive. While we share Class A malls with stores such as Nordstrom, Von Maur, and Neiman Marcus and SAKS, we share many Class B+ and B malls with JCP and Dillard's. Keeping JCP in those B+ and B malls is vital. I believe anything below a B Class is going to fail.
Per Green Street Advisors 2019 Annual Mall Grade Review, the number of malls in the U.S. by class is as follows:
A++: 37 malls
A+: 60 malls
A: 84 malls
A-: 95 malls
B+: 119 malls
B: 150 malls
B-: 98 malls
C+: 83 malls
C: 86 malls
C-: 150 malls
D: 49 malls
Luxury shopping malls like The Beverly Center, Hudson Yards, Bal Harbor Shops, Lenox Square & Phipps Plaza Atlanta, Las Vegas Fashion Show, South Coast Plaza will survive, malls the cater to the middle and lower class will not survive.
Yes.... and great parking...:):)
Malls are dead. Done. Ever.
Maybe some "A" malls will survive and adapt - but if you are in a B or C mall, your future is all but guaranteed. Nobody wants to be stuck inside those huge, aging structures anymore - especially with the continuing virus threat looming.
Freehold Mall in NJ lost a Nordstrom and Lord & Taylor during pandemic. For now, there is still a JC Penney. So the Macy's is all that's definitely left there. Can you imagine a mall with (potentially) three empty anchors??