Additional Coverage:
- 7 Mall Favorites Are Most Likely To Go Bankrupt and Close In 2025 (financebuzz.com)
Mall Retailers Face Uncertain Future as Financial Troubles Mount
Several major retailers are facing financial headwinds, raising concerns about the future of mall-based shopping. These struggles come at a time when malls are already grappling with declining foot traffic and the rise of e-commerce.
The Container Store, burdened by maturing debt in 2025, is fighting to boost sales and avoid serious financial consequences. Similarly, watchmaker Fossil, despite replacing its longtime CEO last year, continues to grapple with financial challenges, leading to a credit rating downgrade and planned store closures.
JCPenney, which declared bankruptcy in 2020, faces further difficulties and recently closed four anchor stores with little fanfare. Declining income suggests more closures may be on the horizon.
Sleep Number is also experiencing revenue struggles, potentially impacting its presence in malls across the country. The slowdown in home sales, a key driver of mattress purchases, is cited as a contributing factor.
Foot Locker, hampered by reduced mall traffic and a slow transition to online sales, has seen recent improvements but its long-term outlook remains uncertain. Even retail giant Macy’s is not immune to the challenges, announcing plans to close numerous underperforming stores in the coming years despite efforts to control costs.
Kohl’s, despite introducing store-in-store partnerships with brands like Sephora and Babies R Us, continues to experience declining revenue, raising concerns about its ability to avoid bankruptcy. These ongoing struggles underscore the broader challenges facing mall retailers in the current economic landscape.
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- 7 Mall Favorites Are Most Likely To Go Bankrupt and Close In 2025 (financebuzz.com)