 In 1992, HC Prange was acquired by Iowa-based Younkers, remaining a department store; at the end of 1996, following its acquisition, Younkers closed its Cherryvale store (replaced by a Bergner's, eventually closing both its other Rockford locations)

After years of struggling against much larger multiplexes in the region, the mall would close both of its movie theaters, with the freestanding movie theater closed in 1999; the lower-level movie theater was closed in 2000.The lower-level movie theater was remodeled into retail space shortly after its closure, although the freestanding movie theater would remain vacant for nearly 15 years, before becoming remodeled.In 2001, the mall was acquired by its current owners, CBL & Associates Properties.