Where Old Mall Stores Move Out, What Business Looks to Move In?


JC Penney Makes Overdue Loan Payment, Temporarily Staving Off Bankruptcy

JC Penney Makes Overdue Loan Payment, Temporarily Staving Off Bankruptcy

That depressing, empty Sears or JC Penney at your local shopping mall? Amazon may soon turn it into a fulfillment center. Simon Property Group Inc., the largest mall owner in the US, is in talks with the online retailer on the matter, theWall Street Journalreports. If the deal goes through, some of the abandoned department stores could be turned into Amazon distribution hubs, sources say; both Sears and JC Penney have declared bankruptcy and have been closing dozens of stores Read more here>>>https://www.newser.com/story/294716/amazon-may-turn-empty-mall-stores-into-fulfillment-centers.html

Source: Newser.com

Photo: Getty

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