Patrons walk around Arbor Place Mall on May 04, 2020 in Douglasville, Georgia. Arbor Place reopened for business on May 1 under strict guidelines due to the coronavirus pandemic.
Patrons walk around Arbor Place Mall on May 04, 2020 in Douglasville, Georgia. Arbor Place reopened for business on May 1 under strict guidelines due to the coronavirus pandemic.
Two owners of a combined 130 or so malls across the US have filed for bankruptcy, signaling that the pandemic and shifting consumer habits continue to rattle the retail industry.
CBL Properties and PREIT filed for Chapter 11 on Sunday and both will continue operating while they navigate the restructuring process. The companies have previously warned they were in perilous positions because some of their largest tenants, including JC Penney, Tailored Brands and Ascena Retail Group, have filed for bankruptcy this year.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.