Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Brookfield Cuts 400 Jobs: Ominous Sign for Shopping Malls?

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

-Brookfield Property Partners is cutting 20 percent of its workforce, an ominous sign that shopping malls might not bounce back from Covid anytime soon. The roughly 400 job cuts, centered in Brookfield’s 2,000-person retail division, come after the company reported collecting just 34 percent of rents owed across the 180 malls and retail properties in…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!