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There could be more turbulence for the mall REITs this week with J.C. Penney’s (JCP) quarterly earnings on deck.
The struggling department store operator is set to report earnings before the bell on Friday, and – with history as our guide – that report could include more announced store closures. But, to be fair, it might not. We’ll just have to wait and see.
That news, however, would be a double-barreled blow following what Sears said last week… that it would be closing nearly 100 additional store closures, including Kmart locations.