The mall boutique said back-to-school has been “very challenging.”
Starting next year, Lotte World Mall, Shinsegae Starfield and other major malls will shutter twice a month due to new government regulations to help small businesses.
Fears are starting to crop up around the ability of Victoria’s Secret to get on positive ground in the second half of the year.
The retailer said second-quarter comparable sales so far aren’t looking up.
Global supply of malls is expanding by the double-digits but that growth rate won’t last, a CBRE survey found.
The announcements come as the retail landscape in Orange County heats up with buzz continuing around the Lido Marina Village project.