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Real Estate
Reply to "What’s happening to Bethesda, Montgomery Mall, etc.?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Ann Taylor and Soma were bought out by a PE firm that is closing down stores. https://www.storereporter.com/ann-taylor-and-soma-close-westfield-montgomery-mall/[/quote] And Gap announced (way back in October 2020) that it would be closing 350 Gap/Banana Republic stores by the end of 2024. These closings have nothing to do with the mall and everything to do with the companies that own the stores. [/quote] Talbots, as mentioned in the OP, is also really struggling. For the last 30 years, there have been just too many of these stores. The one-in-every-shopping-center model is unnecessary. [/quote]
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