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Malls Are Betting You Still Want That Gucci Bag—at a Discount
ELMONT, N.Y.—At Belmont Park Village, a new outdoor luxury outlet mall on Long Island, shoppers bundled up against the cold one recent evening to search for bargains on designer shoes and clothing.
Gucci, Prada close more China outlets as consumers cut luxury spending
Store closures are also hurting mall owners and undermining projections for an end to the multi-year property market slump.