CNN reports some rather disconcerting information: General Growth Properties, the second largest mall operator in the country, may file for bankruptcy soon. GGP is responsible for the operation of around 200 malls in the US, including the Paramus Park Mall right outside of the city. If the company does end up tanking, then a.) another mall operator will buy up its old malls and everything will be normal for the shoppers and retail workers, or b.) their malls will cease to exist, since GGP isn't the only mall operator facing tough times. We have no idea where most people in suburbs would shop if the malls started to shut down, but then again, we guess nobody's really shopping. But what about the countless people who've worked in retail all their lives? If their local mall disappears, will their local Target (if they have one) get flooded with thousands of job applications? Our advice (which we never thought we'd give): If you live near a mall, go shop. As long as it's not at the Bebe, please.
CNN reports some rather disconcerting information: General Growth Properties, the second largest mall operator in the country, may file for bankruptcy