Tag

Mall Decline

All articles tagged with #mall decline

Apple Closes Three U.S. Stores, Including Towson Union Shop, Citing Mall Declines
business21 days ago

Apple Closes Three U.S. Stores, Including Towson Union Shop, Citing Mall Declines

Apple will permanently close three U.S. retail stores—Trumbull, CT; North County, Escondido, CA; and Towson Town Center in Towson, MD—by the evening of June 20, citing declining conditions at the malls. Towson is notable as Apple’s first U.S. store to unionize (IAM CORE) in 2022; under the contract, affected employees receive severance unless a new store opens within 50 miles within 18 months, with right of first refusal if that occurs. Apple says it is honoring the agreement, while IAM CORE accuses Apple of union busting.

Apple to Shut Down Three Stores Amid Mall Declines and Retail Slumps
business21 days ago

Apple to Shut Down Three Stores Amid Mall Declines and Retail Slumps

Apple is permanently closing three U.S. stores today—Towson Town Center (Maryland), North County in Escondido (California), and Trumbull (Connecticut)—citing the departure of retailers and declining mall conditions; affected employees may transfer to nearby Apple stores, and the Towson closure has drawn criticism from the union and lawmakers given its history of unionization.

Empty Malls Disrupt Small Towns
local-news1 year ago

Empty Malls Disrupt Small Towns

The article discusses the decline of the Berkshire Mall in Lanesborough, Massachusetts, highlighting how small towns face difficulties in redeveloping abandoned malls, which were once major sources of tax revenue but now pose financial and logistical challenges due to disrepair and ownership disputes, exemplifying a nationwide trend of mall closures and redevelopment struggles.