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The biggest mall owner in the US 'can't guarantee' there won't be more retail wreckage this year

Lauren Thomas

Simon Property Group is anticipating the pace of retail store closures will slow after a nasty start to the year, but its CEO won't make any promises. The mall owner reported first-quarter earnings for 2019 and reaffirmed its outlook for the full year. The biggest mall owner in the country is anticipating the pace of retail store closures will slow after a nasty start to the year.