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A third of America's malls will disappear by next year, says ex-department store exec

from CNBC

A third of America's malls will disappear by next year, says ex-department store exec CNBC A third of America’s malls are going to shut permanently by 2021, according to one former department store executive, as their demise is accelerated due to the coronavirus pandemic. “The mall has been losing ground for a long time, now it’s losing ground faster,” said Jan Kniffen, a current retail consultant and former exec at The May Department Stores, which was eventually folded into Macy’s. READ MORE

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