Cheesecake Factory Presence Indicates Mall Financial Health, Per New Report
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The presence of a Cheesecake Factory correlates with better financial health for malls, per a report by Moody's Analytics.
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93% of loans backed by malls with a Cheesecake Factory are current on payments, compared to 72% for malls without one.
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There has been a major decline in enclosed malls over the past 20 years, from over 2,500 in the 1980s down to 700 today.
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In response, malls have added amenities like movie theaters and more restaurants, including chains like Apple and Lululemon.
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The report speculates Cheesecake Factory's site selection has contributed to its success amid the mall decline.