Retailers Are Exploiting A Loophole To Pay Cheaper Rents — And It's Choking Shopping Malls

Some retailers are underreporting their sales numbers by deducting the returns of items bought online by customers. This can be a way to get cheaper rents from landlords. David Simon, CEO of Simon Property Group Inc., the largest US mall owner, said the company is "getting dinged" by this. Mall-based stores have found a way to benefit from the pressure of e-commerce by shifting the heat to mall owners.

 

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