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Mall fashion retailer closes 150 stores in turnaround push

The death of the mall has been greatly exaggerated. “Indoor malls and open-air centers have posted consistent year-over-year visit growth, outlet declines have been modest, and early 2026 data shows renewed momentum across all three formats,” according to data from Placer.ai. Instead, malls have become tiered. A small slice of high-end shopping centers is outperforming

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