Tuesday, January 26, 2016
Make That Seven Retailers Departing Circle Centre Mall In The Past 30 Days
Add Abercrombie & Fitch to the growing list of retailers exiting Circle Centre Mall. That makes it the seventh store since the first of the year to announce its departure from the taxpayer-subsidized mall. Johnny Rockets announced its departure yesterday. Gap and Gap Kids made earlier announcements, as did Johnston & Murphy, Yankee Candle and American Greetings. Simon Property Group is getting the exact result it desired. Jack lease rates, watch the retailers flee and then tell the city to either pony up tens of millions in new tax dollars to re-purpose the large downtown footprint or watch it become a blight on the area.