Malls are struggling to keep customers, which might be
evident when you look at all the mall retailers closing up and declaring
bankruptcy.
Forever 21 and The Body Shop closed all their U.S. stores in 2025 and 2024, respectively. The Body Shop has since returned to the U.S. online, and Forever 21’s brand owner has lined up new partners to sell it online here. At Home filed for bankruptcy in June 2025 and emerged that October with 229 stores in 39 states, down from about 260.
The trend continued in 2026. Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 in January and emerged in June under a new name, Exemplar Luxury Group….