Good Lifestyle

It's probably enough time sinceYou used in a shopping center Saturday afternoon, and soon, you will not be able to go to you anymore. The laughing forces of the US economy continue to affect all kinds of business, and this week has seen two major shopping center chains become the latest victims. According to CNN Business, the two chains of shopping centers in question, the properties of the CBL and the preset,filed for bankruptcy this week-Tother, it is the combined owners of about 130 shopping centers across the United States, continue to know more and another beloved company that closes its doors, checkThis popular gym closes all its locations.

While you may not know the CBL and Preit names, it is likely that you are completed to the properties they own. Based on TennesseeCBL operates nearly 100 shopping centers In 25 states of the country, Texas in Wisconsin and Pennsylvania at Illinois. Meanwhile, Pennsylvania based on PennsylvaniaPreit Shopping Center Locations Are mainly on the east coast, covering Virginia to Rhode Island.

The two shopping center chains have previously warned that their financial situations become periloustheir biggest tenants went bankrupt. OfJ.C. Penney In Lord & Taylor, many department stores that are the tents of shopping centers filed for bankruptcy this year. The situation culminated in July with common tenants of the brand, including Brooks Brothers, a lucky brand, and more in Chapter 11.

With uncomminated rents from existing retailers,Decrease in the number of customers And the increasing debt, the situation has become untenable for CBL and Preit. It is estimated that CBL composes liabilities of $ 1 billion and $ 10 billion. In Chapter 11, the two groups will continue to operate when they undergo a restructuring. In a statement, a spokesman for Preit said they hoped "recapitalize the company and extend the corporation's debt maturity schedule, "stressing that they had" overwhelming support "lenders. Read it for more closing stores because of the pandemic and other COVID closures, checkYour donuts of Dunkin 'could close for the good by the end of the year.

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ThisEmblematic household announced in August that he had hadfiled for the bankruptcy of Chapter 11 And let out business. However, the economic difficulties of Lord and Taylor prepared his pandemic:The chain has been sold to the tote In 2019, but it was not enough to keep the business alive once the success of Covid. And for another popular place that leaves states, checkThis worship favorite stores all the American pitches.

In September, Beloved New York department storeCENTURY 21 filed for bankruptcy, revealing all 13The locations would be closed for real. CECENT 21 Co-CEORaymond GindiIn a statement that, because of COVID, the company has "no viable alternative but to begin the closure of our beloved family business". And for another paradise of the buyer who descended, checkThis popular clothing chain has just announced the closure of 250 stores.

After 112 years, Stein Mart announced in August that it would beswitch off its 280 locations on 30 states. The popular discussion store filed for the bankruptcy of Chapter 11 because of "the combined effects of a difficult retail environment coupled withImpact of coronavirus, "CEO of Stein MartHUNT HAWKINS said in a statement. And for more useful content delivered directly into your inbox,Sign up for our daily newsletter.

Your favorite point for curative home goods deposited for bankruptcy in mid-May. The stores wrapped up with majorSales of commercial outflows During the summer, beforeShochinging all their 540 stores At the end of October. And for another love of longtime retail that is in danger, checkThis brand of emblematic children closes stores at the national level.