Simon Property Group Closes All of its Malls Due to Coronavirus

It makes limited sense for malls to be open until the coronavirus pandemic passes. People are not supposed to gather in groups, and social distancing requires people to stay six feet apart, which could be a challenge at a mall.

Because of this, Simon Property Group (NYSE: SPG) has decided to close all of its malls. The shutdown began at 7 p.m. on March 18, and it affects Simon's malls, outlets, and mills in the United States. The closures are scheduled to end on March 29.

Malls are places where people gather, and that's a bad idea at the moment. Image source: Getty Images.

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Source Fool.com