Thursday, June 27, 2019

Mall News

Red Robin Gourmet Burgers is closing 10 underperforming restaurants. The chain has 572 stores in operation. 7 of the 10 restaurants tagged for closing are located inside malls. The closings will leave Red Robin with 66 mall locations…Gap Inc. expects to close about 30 company-operated stores, net of openings and repositions, in fiscal 2019. The company plans 10 store openings for both Old Navy and Athleta…During fiscal 2019, Express expects to close 11 retail stores and convert another 27 to outlet stores. Express operates more than 600 retail and factory outlet stores in the US and Puerto Rico...YM Inc., new owner of Charlotte Russe, is re-launching Charlotte Russe retail outlets across the US, with 5 of 100 planned locations already open. YM, a Toronto-based clothing manufacturer which operates more than 560 stores across North America, purchased the Charlotte Russe brand in March when its parent company filed for bankruptcy. YM’s store banners include Urban Planet, Bluenotes, Urban Kids, West 49, Sirens, Suzy, and more.

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