Gap, Victoria’s Secret, Tesla: Store closures hit malls in the middle

By Image 4, posted on April 4, 2019

A recent wave of store closure announcements will hit shopping malls across the U.S.

Image 4's Insight
In the last two decades, shopping as we know it has been completely transformed. Even just a few years ago, many people would still drive to the nearest mall to purchase desired items. Fast forward to 2019 and many retail stores are shuttering their physical locations. Once high-revenue companies such as Victoria's Secret, The Gap and even Tesla are closing a vast number of retail stores and are shifting sales online, creating concern for large malls.
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