When did Rolling Acres Mall close?
October 31, 2008 Click to see full answer In this way, why did Rolling Acres Mall close?The company did not pay taxes on the property, including the back taxes owed to 2006, and as a result the city of Akron began foreclosure proceedings in September 2013. Shortly after the 2010 sale, Sears announced it would be closing its location at the mall, and it closed on April 3, 2011.Furthermore, why are malls dying? The fundamental reason malls are dying is because fewer customers are walking into malls. According to one report by Cushman and Wakefield, shopper visits to malls fell 50% from 2010 to 2016. The reason that fewer customers are traveling to malls is less clear. Also Know, is Chapel Hill Mall closing? On January 4, 2017, Sears Holdings announced that the Chapel Hill Sears store would be closing the following spring due to declining sales. On January 16, 2020, it was announced that JCPenney will close on April 24, 2020 as part of a plan to close 6 stores nationwide, leaving the mall with no anchors.Are shopping malls dead?In 2014, nearly 3% of all malls in the United States were considered to be “dying” (40% or higher vacancy rates) and nearly one-fifth of all malls had vacancy rates considered “troubling” (10% or higher).
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