Shoppers soon can lose a goal and Costco, amid financial problems in a famous mall.
Westfield, one of the largest teams in the United States, can close in the coming months.
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Decisions are still made about the future of Westfield Mall in Witton, Maryland, just 10 miles north of the city center of Washington, DC, for every FOX company.
It was built in 1958, and was previously known as Witon Plaza for decades.
Unibail-Rodamco-Westfield, which now has Westfield Wheaton, recently left a $ 235 million loan.
Experts predict that the company can use the virtual loan as a negotiating tactic to reduce the debt burden, or that it wants to get rid of the commercial center completely.
Read more about closing the store
John Carroll, head of Coresight Research, said the potential closure can provide great opportunities for re -development for the local community.
“It is difficult for society, but at the same time, this opportunity to re -develop,” WTTG told WTTG.
“This is the other big direction that comes here. If this commercial center is not the way it was, with the stores that I do not care about, so what can I transfer to it?”
However, Carroll stressed that the closure was not specified by any means.
“You may not disappear,” Carroll added.
“I want to be clear, often, these types of companies will threaten to exit so that they can reinstine the conditions of their debts.”
The commercial center currently has a 90 % full job, with major retail dealers such as Costco, Target and even DICK sports commodities at home.
Despite the work that these three giants are likely to draw and the rent they pay to the owners of commercial centers, it is likely that it is not enough for the loan.
This mall may not only put, but Costco, Target, and Dick's Sporting Compes at risk if closed.
“Religion has matured, and we participate in discussions with the lender and we explore all options,” Westfield said in a statement to the news director.
US brackets for “45, 000 stores”
Experts have warned that about 45,000 bricks and junior stores could be closed in the next five years.
Several major retailers have announced the closure of the stores or have completely worked out in recent years.
In 2023, chains such as Foot Locker announced plans to close up to 400 outlets by 2026.
Meanwhile, other well -known retailers such as Tuesday morning and Mitchell Gold + Bob Williams offer bankruptcy in 2023.
Bed Bath & Beyond closed all its brick and mortar stores and is now online retail.
The most affected retailers have been the most affected clothes, consumer electronics, sports commodities, hobby, book, music and home furniture stores since the beginning of 2019.
UBS predicted that the total number of retail stores will decrease by 45 thousand from 958 kilos to 913 kilos.
Nevertheless, the report says that some stores should flourish while others decrease.
She said retailers like Walmart, Costco, Home Depot and Target could be among the winners.
Insanity
Shopping centers have been struggling in general for years until now.
About 1,170 is closed at the country between 2017 and 2022, for all data from Capital One Shopping.
The rise in e -commerce, inflation and changes in consumer customs are all contributing factors.
Last year also held several bankruptcy cases of mostly suffering from retailers.
Forever 21 has been introduced to obtain bankruptcy protection Chapter 11 for the second time in its history and its remaining stores will be closed.
Express also went in April last year and closed about 100 sites in shopping centers.
The Sneaker Seleply series was set on only one location in a commercial center in New Jersey after bankruptcy.
Even department stores like Macey move towards smaller formats and lead to some locations based on shopping centers.
