Tuesday, September 24, 2019

MALL NEWS

GameStop, which has more than 5,700 stores worldwide, is on track to close from 180 to 200 under-performing stores globally by the end of the year. More store closures are planned for the coming 12-24 months...Hudson’s Bay Co. is selling its Lord and Taylor banner to clothing rental subscription service Le Tote for $99.5 million in cash and a secured promissory note for $33.4 million payable in cash after two years. HBC will also receive a 25-per cent equity stake in Le Tote, two seats on the company’s board of directors and certain rights as a minority shareholder...7-Eleven opened a location inside the Westfield Brandon mall in Brandon, FL, the first of 7 locations it plans to open in malls this year. 7-Eleven operates, franchises, or licenses more than 69,000 stores in 17 countries.

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