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Already Suffering From Underlying Conditions, US Malls Bear Brunt of Retailer Bankruptcies

CoStar Analysis: COVID-19 Outbreak Accelerates Retail Trends, Putting More Retailers and Malls at Risk
With stay-at-home orders being lifted, many malls across the country are beginning to reopen, but it may be too little, too late for some of the country’s largest mall tenants. (Getty Images)
With stay-at-home orders being lifted, many malls across the country are beginning to reopen, but it may be too little, too late for some of the country’s largest mall tenants. (Getty Images)
By Robin Trantham, Alexander Levy, Kevin Cody
CoStar Advisory Services
May 20, 2020 | 6:22 P.M.

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As stay-at-home orders begin to get phased out and shopping malls across the country start to reopen, recent bankruptcy filings by such major retailers as Neiman Marcus, J. Crew, Stage Stores and J.C. Penney serve as a warning that the pain for malls is likely far from over.

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