WPG - How will retail fare into 2021?

More than 11,000 retail location closures have been announced in 2020, according to a report from real estate firm CoStar Group, as the pandemic helped usher in an acceleration of online shopping."This movie is not finished. I suspect we're going to see more closings throughout 2021," said former Macy's CEO and Chairman Terry Lundgren. "We're not done yet. ... We’re going to learn even more when we get through the holiday season."How far back will the effects reverberate into the chain? S&P Global Market Intelligence has even picked seven mall owners that face exceptional risks in the coming months: CBL & Associates (CBL), Pennsylvania REIT (PEI), Simon Property Group (SPG), Taubman Centers (TCO), Macerich (MAC), Brookfield Property REIT (BPYU) and Washington Prime Group (WPG)."Retailers which have a weak balance sheet today aren't going to get relief in January. It's going to get tougher," according to Lundgren. "When the volume of

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How will retail fare into 2021?