THIS SPACE FOR RENT:
MALLS CONTINUE TO STRUGGLE
Once the anchor of traditional mall
environments, department stores continue to
struggle and see shrinking square footage.
7% DEPARTMENT STORE SQUARE FOOTAGE
Source: The Wall Street Journal
JC Penney Kohl’s
Gap American Eagle Outfitters
The Children’s Place Golfsmith
Fresh Market RadioShack
Office Depot/Office Max
Once the cornerstones of vibrant retail
destinations, many well-known retailers
are shuttering hundreds of locations.
− 13 −40
(2016 AND THOSE ANNOUNCED THROUGH 2018)
Sport Chalet Hancock Fabrics City Sports Sports Authority
−460 −47 −255 − 26 −123 − 17 − 30 − 15
Kitson Hartstrings Scoop NYC Hastings
EVERYTHING MUST GO
Formerly leading retailers have been liquidated.
STORES CLOSED IN 2015 AND 2016:
AN EXPRESS LANE OF CHANGE
The retail industry continues to undergo disruptive changes due to e-commerce. Some retailers
have adapted to this new reality by offering an omni-channel presence and right-sizing their
store bases. However, other retailers have been slow to adapt, are struggling to remain relevant,
and are experiencing more significant store closures.