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Twenty years ago, if you need to buy clothes, shoes, or home decoration, it is very likely that you will enter your car and go to the local shopping center.
The commercial center has been the primary element in American life since the 1980s, and one of the many teenagers under the age of 18 went to meet their friends and spend the afternoon or evening.
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However, in the past decade or so, shopping centers seemed to be suffering at first, and then heading towards the brink of extinction as consumers have transferred their habits. Amazon’s main shipping has become so fast (often on the same day for millions of elements) to the extent that the same consumers who once went to the commercial center to make their purchases realize that they may save time simply by submitting an online application.
Related: Other famous retail stores throughout the country for good
Although the news was full of depression about the future of shopping centers, data related to customer behavior tells a different story.
Traffic in shopping centers increased by 12 % in 2022 compared to 2019, according to a report published in June 2023 by Coresight Research. Traffic in low -income areas increased by 10 %.
Shopping centers in higher income areas-and this means that the average shopping earns more than $ 200,000 per year-more than 95 % rented in 2022, indicating the presence of simple fast food. High observers may still prefer shopping personally, especially for high -ticket elements such as handbags and clothes.
All this said, some foodstuffs in shopping centers are still struggling, and one of the best known names unfortunately announced that more store closing operations on the road.
Photo and colon source; Shutterstock
Shutters shopping centers more sites
JCPENNEY, which has been working for 123 years from 2025, has announced plans to close eight other sites this year.
Most closure operations in shopping centers. The sites include Mall of Ashlail in Ashlel, North Carolina,; The Fox Run Mall in Newington, New Hampshire; The West Ridge Mall in Tobika, Kansas; Westfeld Annapolis Mall in Annapolis, Maryland; And the Mall of Pine Ridge in Boukatilo, Idaho.
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The closure of stores in the shopping centers include stores in Northfield in Denver, Colorado; Charleston City Center in Charleston, Western Virginia; The shops in Tanvurran, San Bruno, California.
JCPENNEY’s bankruptcy and conflicts since then
JCPENNEY applied to bankruptcy of Chapter 11 in May 2020, citing Covid Parents as a major reason for this step. At that time, the company was carrying $ 4 billion of debt.
Things seemed terrible, but in December 2020, JCPENNEY got a great memorization. Simon Property Group and Brookfield Asset Management acquired the company for $ 1.75 billion, giving it an opportunity to restructure its debts and may return.
Another positive came in 2025 In the form of a merging process. JCPENNEY announced in January that it will combine forces with Sparc Group to form a new company called Catalyst Brands. Other names under the same umbrella include the Lucky, Eddie Bauer, Aeropostale and NAUTICA brand. The new company will lead Mark Rosen, CEO of JCPENNEY from its offices in Plano, Texas.
“Catalyst brands gathered the rich heritage six unique brands of modern energy and a new vision for success. The word” stimulus “reflects our leadership to accelerate innovation and energy and amplify the impact of this power portfolio.
So, while JCPENNEY still closes some sites this year, they do not necessarily cure a trademark of the brand yet. In fact, it is busy to try smart tactics to form new works. Her campaign, “Big Deal”, which was broadcast during the Amazon Prime Video programming on Thursday, showed exclusive deals for viewers promoted by celebrity names such as Martha Stewart and Shackel O’Neill.
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