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2010 Store Closings Adding Up; Mall Owner Finds Use for Empty Spaces (Weekend Roundup)

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The season of annual earnings reports is upon us and as retailers take stock of their performance in 2009, we are starting to see announcements of store closings, especially in the apparel sector. This week alone, Abercrombie & Fitch, American Eagle Outfitters and the French Connection announced plans to either close hundreds of underperforming namesake stores or shut down underperforming concepts. But at least some of the mall owners impacted by store closings are finding innovative uses for their spaces. One Cleveland property, for instance, has been converting empty stores into greenhouses. For more on this and other news about retail and retail real estate, follow the links below:

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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