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- 1Mall retailer closes 16 stores, partners with Drake▼Popular mall retailer quietly closes 16 stores, then bets on Drake
A well-known mall-based retailer has quietly shut down 16 locations while simultaneously announcing a business move involving the Canadian rapper Drake. The store closures add to ongoing pressure on shopping-mall chains, which have been trimming footprints as consumer habits shift. The tie-up with Drake suggests the brand is turning to celebrity-driven marketing to revive interest and attract younger shoppers.
- 248-year-old mall retailer closes stores as shopping trends shift▼48-year-old mall retailer closed stores as trends change
A mall retailer that has been in business for 48 years is closing store locations as consumer shopping habits change. The closures reflect the broader pressure on traditional mall-based chains, which have struggled to keep up with shifting trends and the move toward online shopping. No further details about the company's name, number of affected stores, or potential layoffs were provided.
- 3Alo Yoga opens at Village at Meridian with more stores coming●Alo opens at the Village at Meridian expansion, with 15 more retailers on the way
Athleisure brand Alo has opened a store at the Village at Meridian shopping center in Idaho, part of the mall's ongoing expansion. Officials say around 15 additional retailers are expected to follow, signaling continued retail growth at the property.
- 4Toys "R" Us to open new store at upscale New Jersey mall●Toys “R” Us to open location at upscale N.J. mall as part of major expansion
Toys "R" Us is opening a new location at an upscale New Jersey shopping mall as part of what the company calls a major expansion push. The beloved toy chain, which went through bankruptcy and liquidation in 2018 before being revived under new ownership, has been steadily reopening stores in recent years, and the mall opening signals continued momentum in its retail comeback.
- 5Pacific Retail and Conversant Capital buy Ventura mall▼Pacific Retail, Conversant Capital form JV to buy Ventura mall
Pacific Retail Capital Partners and Conversant Capital have formed a joint venture to acquire a mall in Ventura, California. The deal signals continued investor interest in repositioning regional shopping centres, with Pacific Retail known for taking over struggling malls and redeveloping them. Details on the purchase price and the partners' plans for the property were not disclosed in the initial reports.
- 6
Toys "R" Us is opening a new store at The Mall at Short Hills in New Jersey, according to NJ.com. The announcement points to the toy retailer's continued brick-and-mortar expansion in upscale shopping centres following its restructuring and resurgence as a brand. Local shoppers and retail watchers are taking note as the once-bankrupt chain rebuilds its physical footprint.