U.S. malls have taken a beating during COVID-19, but Westfarms in West Hartford seems to be an outlier. In fact, the 1.3 million-square-foot mall’s occupancy rate prior to and throughout the pandemic has remained at 95% and it was even able to add new retailers over the last year, despite being forced to close for two months in the spring of 2020.
Bankrupt department store Lord & Taylor is liquidating and closing more locations than it originally planned when it filed for Chapter 11 earlier this month.
Luxury department store retailer Lord & Taylor says it's closing 19 of its 38 stores, including three in Connecticut, after filing for Chapter 11 bankruptcy protection on Sunday.
Greater Hartford’s retail real estate market held steady in recent years despite a nationwide boom in online shopping, but experts say the local industry won’t be able to avoid suffering in the wake of the COVID-19 pandemic.
America's largest mall operator has backed out of a proposed $3.6-billion deal to acquire 26 malls, including Westfarms in Farmington, due to COVID-19-related headaches.
The head of a restaurant group that owns Brio Tuscan Grille said the company will try to re-open as many closed restaurants as possible amid the company's recent bankruptcy filing.