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malls

Walmart has spent more than $110 million buying malls this year in a move to become a property owner, not just a tenant

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While Americans are buying trash bags and Great Value soda at Walmart, Walmart is buying…malls. The big-box colossus just snagged a Norwalk, CT, retail plaza for $44.5 million, beating out a “substantial” amount of interest in the space by laying out the juiciest offer, according to Jeff Kintzer, a principal at Royal Properties, which represented the seller. … Read more

Claire’s, your mall’s teen-ear-piercing destination, files for bankruptcy with assets and liabilities between $1 billion and $10 billion

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Mall-based teen accessories retailer Claire’s, known for helping to usher in millions of teens into an important rite of passage — ear piercing — but now struggling with a big debt load and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Claire’s Holdings LLC and certain of its U.S. and Gibraltar-based subsidiaries — … Read more

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