Published: 7:03pm, 24 Sep, 2018 Updated: 7:03pm, 24 Sep, 2018
Boston-based Putnam Investments has placed a large bet that struggling US shopping malls will be able to transform themselves despite ongoing store closures and bankruptcies in the bricks-and-mortar retail sector, so far without success. The company is betting on two major developments — one being an expansion of its existing mall chain into new locations across the country, while another is a planned development at Boston Landing Mall in South Boston,