Forever 21 has more than 800 stores, many in malls, globally.Forever 21 is notably Simon's seventh-largest in-line tenant in terms of how much rent it brings the landlord, with 99 stores across Simon properties. And Simon on Wednesday wouldn't speak to the Forever 21 report specifically, but the CEO said: "I would say we certainly have the ability to help beyond what you might do on the leases ...Contact Dale w/ Any Questions We will be liquidating a Warehouse full of used furniture, 100 school/church chairs, foosball table, bed frames, shelving, and so much more. We will also be selling contents of 1 delinquent storage unit on the property. With over a decade of experience and thousands of liquidation transactions we can get you top dollar for your unsaleable inventory and allow you to put your money back to work for you.We are a B2C reverse logistics liquidation company, we do not create "grey markets" that compete against your brand that you are working to build.
A total liquidation would have left them with more than 200 empty shops.
Occupancy dropped slightly to 94.4% from 94.7% in the prior year.
Total sales per square foot rose 3.5%, to 9 from 6.
[to] become an investor in a distressed situation."One of the perks of this, he said, would be greater insight into a company's financials to be able to determine how much a tenant should be paying in rent.
Simon added the mall owner "made a ton of money" in its Aeropostale deal.
Simon's other top tenants, in terms of how much rent they contribute, include Gap Inc., Victoria's Secret owner L Brands, Justice owner Ascena Retail Group, Tommy Hilfiger owner PVH Corp., Signet Jewelers, Coach owner Tapestry and Foot Locker.