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IHL also reported that the number of chains adding stores in 2019 had increased 56%, while the number of closing stores decreased by 66% in the last year. [7] [21] As of May 2020, bankruptcies and store closings were expected to intensify due to widespread business closures and the resulting financial impact of the COVID-19 pandemic. J.
GNC closed over 900 stores in 2019, including between 300 and 400 of the chain's 800 shopping mall locations, which have been particularly hard-hit by declining foot traffic at malls overall. [ 144 ] Godiva Chocolatier closed all of its North American retail locations in 2021 after the chocolate company faced a decrease in sales and foot traffic.
Oakland Mall is an enclosed super-regional shopping mall in Troy, Michigan. It is located in the northwest corner of the intersection of 14 Mile and John R. roads, adjacent to Interstate 75 (Chrysler Freeway). The mall features 116 stores, including a food court, plus several big-box stores on the periphery.
While listed among the impending closures, Macy’s notes that the Hillsdale Furniture location in California closed in 2024 and the furniture business relocated to a nearby full-line location.
14200 Lakeside Circle in Lakeside Mall (Sterling Heights) 3400 S. Airport Rd. W. in Grand Traverse Mall (Traverse City) 500 W. 14 Mile Rd. in Oakland Mall (Troy)
Macy’s is closing more than five dozen store locations across the United States as part of the company's ongoing reorganization strategy.. The retailer confirmed Jan. 9 that it was shuttering 66 ...
A dead mall, [1] also known as a ghost mall or zombie mall, is a shopping mall that has low consumer traffic or is deteriorating in some manner. [2] Many malls in North America are considered "dead" when they have no surviving anchor store or successor that could attract people to the mall. Without the pedestrian traffic that department stores ...
The new owner, who also owns the site of the closed Union Street in Detroit, is expected to share his plans for the mall later Monday afternoon. Oakland Mall in Troy has a new owner, and he plans ...