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It said a dozen of its premium outlets have reopened. He added that department store chains including Dillard's and Neiman Marcus, which filed for Chapter 11 bankruptcy protection last week, are eager to get shoppers back to stores. Still, just because Simon is reopening its malls does not mean retailers are yet jumping at the chance to turn their lights back on, nor does it mean consumers are racing to return.
Some companies, such as Macy's , Gap and Nordstrom , have laid out their plans to reopen for business in phases.
Gap says it plans to have locations open again by the end of the month. Macy's on Monday reopened a second wave, of about 50 locations. But if they're not paying what we think is fair, we'd just rather sit on empty space. FFO is an earnings metric used by real estate investment trusts. Find the full earnings press release from Simon here. Skip Navigation. More from Quartz About Quartz. Follow Quartz. These are some of our most ambitious editorial projects.
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