Many US retailers are cutting back at shopping malls. Chains like Gap Inc., Abercrombie & Fitch, Coldwater Creek and Talbot’s say they have too many stores at too many malls. Hundreds of stores are on the chopping block.
Now, that pain is being seen as an opportunity – for some foreign retailers.
Uniqlo, the Japanese basics brand, is starting aggressive growth plans at shopping malls that are expected to include 20 to 30 new stores a year over the next eight years.