Hamilton Mall in Mays Landing, NJ, is struggling to compete with online shopping, reflecting a larger trend in the retail industry. Today, the mall finds itself needing a lot of work.
More financial troubles this week for Sears. According to Bloomberg News Sears Holding Corp. said there is "substantial doubt" about the company's ability to stay open. In an article this week in chicagobusiness.com "Sears added so-called going-concern language to its latest annual report filing, suggesting that weak earnings have cast a pall on its future as a business".
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With a number of Ocean County stores closing in the past year, people take rumors of more closures seriously when they come up. And one of the Ocean County Mall's anchor stores has been the subject of recent closure rumors.