Retail News

Mall owner remade shopping centers that now sit closed

The Wall Street Journal 05/05/2020

Pyramid Management, which owns and operates 14 shopping centers in New York and Massachusetts, has invested hundreds of millions of dollars in recent years to make its malls into destinations, with additions such as indoor rope courses, mini-golf and other features. The changes have been popular with consumers, but they remain idle as consumers, either through government order or personal choice, stay home.

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