By Stephanie Landsman Producer, CNBC's 'Squawk Box'
NEW YORK (CNBC) -- We are heading into a holiday season without Borders, Blockbuster, and Linens 'n Things. Retailers such as Abercrombie and Fitch (ANF), Gap (GPS), and Limited Brands (LTD) have collectively closed hundreds of stores across the country. The retailers have left big gaps in malls since closing last year.Evidence of the impact is seen in a report out this month showing shopping mall vacancies hit an 11-year high in the third quarter. Commercial real estate research firm Reis finds regional and super mall vacancies are up 9.4% in the three months ending Sept. 30 from 8.8% a year earlier. It marks the third quarter in a row of vacancy increases. More notably, it is the highest level since Reis began publishing the data in 2000.
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