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Mall Stall

As the retail sector convenes in Las Vegas for its annual gathering, the Internet, and increasingly the shakeup among the weaker anchors, will occupy plenty of conversations around the Roulette table.

By Tony LoPinto | Updated on May 13, 2014

The retail mall sector has sure had its woes over the past few years with the assault of the Internet, which is dramatically changing consumer buying patterns.  However, of even greater impact is the financial distress plaguing two of the major anchors, J.C. Penney and Sears. 

Green Street Advisors recently reported that 50% of the 1,050 indoor and open-air malls in the U.S. have Sears or Penney’s anchoring the centers.  Of that group, nearly 25% are seriously hurting with skyrocketing vacancy rates, and the specter of stores being shuttered as the operators try to cauterize the red ink.

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