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Mall chief: Retail nearing bankruptcy bottom

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October 31, 2019

The wave of retail bankruptcies is subsiding, at least according to Simon Property Group CEO David Simon, who told analysts Wednesday that his company knows what it has to do to survive and prosper.

Retail bankruptcies are a constant challenge to mall oeprators, such as Simon Property Group, and some of the most recent brands on the list include Forever 21 and Barneys. This year's number is close to what happened in 2017, according to a CNBC report.

Simon told investors, during a post-earnings call, that his company aims to find new tenants and expand investments relating to e-commerce.

"As we put together our plans for next year, I think we'll be okay," Simon said of the country's largest mall operator. "We're hustling. We're finding new tenants."