25,000 Stores Might Close in 2020, Endangering Shopping Malls
Simon Property Group (NYSE: SPG) doesn't have enough money to buy up all of the retailers that are going to close their doors this year.
The shopping mall operator has been on a spending spree, buying up bankrupt retailers in an effort to keep them from closing down and leaving vacant storefronts, but a new report by Coresight Research says as many as 25,000 stores could be shuttered this year, a number that would undoubtedly overwhelm Simon's finances.
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Source Fool.com
