Economy

168-year-old mall anchor closing more stores

February 28, 2026

168-year-old mall anchor closing more stores Daniel Kline Sun, March 1, 2026 at 2:07 AM GMT+5:30 4 min read Closing malls and malls left with vacant anchor stores have created a false narrative that Americans don't go to malls anymore. In reality, that's simply not true. "Indoor malls outperformed both open-air centers and outlet malls on a full-year basis as the only format to post visit gains during all four quarters – signaling a shift from recovery into growth," according to Placer. ai's December 2025 Mall Index.

Credit: Yahoo

Key Highlights

The overall growth was modest, 1.3% for the full year, but the number of people visiting malls did climb, but shoppers favored some malls over others.
“Over the years, as enclosed malls have evolved, it turns out that the A malls are doing extremely well, and C and D malls are accelerating to extinction,” Chris Conlon, CEO of WPG, formerly known as Washington Prime Group, told Retail Dive.
As the mall landscape has changed, retailers that used to operate at all tiers of malls have been forced to scale back.
Macy's has a plan to close around 150 stores, and has already closed 66 struggling locations.
Now, its latest round of closures has been made public.

Sources

168-year-old mall anchor closing more stores

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

168-year-old mall anchor closing more stores

Key Highlights

Sources

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