The fashion merchant sent an email to customers saying it will close its store at Town Center at Boca Raton on Jan. 25.
In something of a head-scratcher, a thriving retailer is closing a store at a successful mall.
Fashion merchant Anthropologie sent an email to customers saying it will close its store at Town Center at Boca Raton on Jan. 25.
Anthropologie has been doing well in a challenging climate for retailers. The brand said sales rose 3.5 percent from the third quarter of 2018 to the third quarter of 2019.
Anthropologie closed just one store during the first nine months of 2019, leaving the chain with 203 U.S. locations, and it plans to open more stores than it closes in 2020.
Times are good for Town Center, too. The Palm Beach County Property Appraiser values the mall at $580 million, making it the county’s most valuable piece of real estate by a wide margin.
Town Center remains home to Nordstrom and Macy’s, anchors that have closed stores elsewhere in Palm Beach County.
Officials from Town Center and Anthropologie couldn’t be reached for comment. The retail sector has struggled mightily in recent years, with such venerable names as Sports Authority and Toys R Us disappearing from the nation’s shopping centers.
Town Center is owned by Indianapolis-based Simon Property Group (NYSE: SPG). Anthropologie is a unit of Urban Outfitters (Nasdaq: URBN) of Philadelphia.
Anthropologie directed customers to its store at Rosemary Square in West Palm Beach, which remains open.