LAS VEGAS — The shopping center sector has always been Darwinian, but now more than ever, it’s survival of the fittest.
With attendance at last week’s ReCon convention here reaching a record high of 33,500 — a number not seen since before the recession — the industry’s mood is relatively buoyant, as long as the focus is on so-called “A” malls. Lesser properties, however, have their backs against the wall as retailers such as Sears Holdings Corp., Best Buy, Barnes & Noble and J.C. Penney Co. Inc. close stores, and a string of other chains go bankrupt.
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