Beachwood Mall Losing Saks, Seeking New Anchors
Cleveland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Beachwood Place mall in Ohio faces a significant loss as Saks Fifth Avenue, an anchor store since 1978, closes this May. The parent companys decision to shut down 20 Saks locations nationwide, following the acquisition of Neiman Marcus and bankruptcy filing, leaves Beachwood mall without Saks. Dillards and Nordstrom remain, but mall managers are planning a new mix of stores to attract potential tenants. The shift towards online shopping and the closure of Sears at nearby Great Northern mall, filled only recently by a Meijer grocery super center, highlight the challenges faced by malls. However, experts remain optimistic about Beachwoods future, emphasizing the need for unique shops and experiences to draw crowds.
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