Two Latest Mall Retailer Bankruptcies Will Force 230 Lease Cancellations

Retailer casualties continue to mount as foot traffic decreases at malls and shopping centers across the country. The two latest national retailers to file for Chapter 11 bankruptcy court reorganization are Perfumania Holdings Inc. (NASDAQ: PERF), a specialty retailer of fragrances and related beauty products, and privately held Portrait Innovations Inc., a chain of professional photography studios. Combined, the two companies are asking their…

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