Predicting the Death of the Mall, One J.C. Penney at a Time
- A big-data startup has mapped almost 200 shops likely to close
- Firm is trying to help bond investors avoid trouble spots
Malls Get Makeovers in Bid to Survive in Amazon Era
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Back in February, J.C. Penney said it planned to close down about 140 struggling stores. That might be just the beginning.
Analysts at System2 LLC, a big-data startup, have identified another 197 stores at risk. The outlets -- from San Bernardino, California to a suburb of Omaha, Nebraska -- have a more than 64 percent likelihood of closing.