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flag Major Canadian retailers closed stores in 2026, but mall occupancy is rising as physical retail adapts and rebounds.

flag In 2026, major Canadian retailers including Saks Fifth Avenue, Hudson’s Bay, and Toys ‘R’ Us closed stores or filed for bankruptcy, raising concerns about malls. flag However, experts say the decline reflects a natural market cycle, not the end of physical retail. flag Despite anchor tenant losses, occupancy rates are rising due to a decade-long shortage of new retail space. flag Companies like Primaris REIT report strong performance, and analysts predict a rebound in brick-and-mortar shopping as malls adapt with modern, consumer-driven formats. flag The shift is seen as positive, indicating that physical retail remains vital alongside e-commerce.

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