After reportedly missing payments amid the pandemic as shops closed for a time and occupants didn’t pay rent, Mall of America has changed the stipulations of its $1.4 billion mortgage and is current on the debt, CNBC reported. Get the Full Story Complete the form...
In today’s top retail news, American Express is launching new offers to start off the year, while the chief economist for the National Retail Federation says the stimulus will help with the continuing recovery. Plus, brick-and-mortar retailers in the U.K. suffering from pandemic restrictions before...
While economic difficulty caused by the pandemic will continue this year, National Retail Federation Chief Economist Jack Kleinhenz said in a press release that the stimulus passed at the end of last year will assist in speeding up the country’s continuing recovery. Get the Full Story...
U.K. brick-and-mortar retailers already suffering from COVID-19 restrictions in the run-up to Christmas saw foot traffic plummet during the key Boxing Day/post-Christmas period as well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
COVID-19’s hit to brick-and-mortar shopping and the broader global economy slammed worldwide luxury goods sales in 2020, but purchases are actually soaring among Asian, Gen Z and online shoppers — who are sometimes one and the same. Get the Full Story Complete the form to...
The traditional shopping mall consisting of retailers, a food court and maybe a hair salon or two is going the way of the dinosaur. But experts say they can survive — and even thrive — if they repurpose themselves into a mix of cool retailers...
American Express is debuting new promotions for American consumer, small business and co-brand card members in addition to small retailers to start 2021 amid the pandemic. The promotions offer support to navigate through COVID-19’s impact and plan for the future, according to a Tuesday (Jan....
Of all the businesses that have embraced a digital shift during the pandemic, the adaptation of the nation’s auto industry has been one of the most transformational. As much as COVID accelerated trends that were already occurring, said Aaron Krane, CEO of digital auto platform Modal,...
Pepsi has launched a new campaign called “Dig In” aimed at helping generate sales of at least $100 million for Black-owned restaurants around the country, which have been particularly hard-hit by the pandemic. Get the Full Story Complete the form to unlock this article and...
