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A Glimmer Of Hope For PacSun, Spencer's Gifts, And Hot Dog On A Stick
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I know it's going to sound bizarre, but even in the face of a pandemic and a collapsed retail industry, the parent company of Ikea plans to invest in -- wait for it -- malls. Yes, someone plans to buck the "malls are dead" perception, even as we have no idea whether the public wants to ever return to malls at all. The company, which owns malls around the world, is looking to expand into U.S. cities, building malls in cities like New York, Los Angeles, Chicago, and San Francisco. Are they on to something or are they flushing money down the toilet? (USA Today)
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