Retailers are starting to pay the rent. A new report from the National Association of Real Estate Investment Trusts (NAREIT) shows that rent collections for free-standing and shopping mall-focused real estate investment trusts (REITs) gained ground in July on top of gains in June. The...
Target said in a press release on Monday (July 27) that, as part of its holiday shopping and COVID-19 plans, it will close on Thanksgiving. The chain’s move follows Walmart’s announcement that it will also close stores on that same holiday. Get the Full Story...
As the U.S. shellfish industry was headed into 2020, the big concern was climate change. People who made their living in the business were worried that higher ocean temperatures would increase algae blooms and therefore be a destructive factor in the care, farming and feeding...
As it follows in the footsteps of Walmart Inc. and others that have declared mask requirements to help stop COVID-19’s proliferation, McDonald’s Corp. said it would mandate that all of its U.S. diners wear masks starting in August, The Wall Street Journal reported. Get the...
Megamalls are having mega problems. The two largest U.S. malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. Get the Full Story Complete...
As retailers seek to prevent staffers and shoppers from arguing, the requirements of major merchants that shoppers wear masks in U.S. brick-and-mortar stores are only so effective. Walmart, along with Walgreens, Home Depot and others, indicates that the retailer will still allow non-mask-wearing customers to...
As made-up commercial holidays go, National Drive-Thru Day (July 24) is no sillier than, say, National Cherry Tart Day, which you may have missed back in June. But there’s a special relevance to celebrating the simple wonder of drive-throughs during the summer of COVID-19. Get...
More dire warnings for the department store and mall sector showed up this week as the pandemic rages in the majority of U.S. states and an immediate comeback of consumer spending has not been happening. Get the Full Story Complete the form to unlock this...
Neiman Marcus is reportedly leaving the upscale New York City Hudson Yards shopping center as it undergoes bankruptcy proceedings. The department store retailer had an opening party complete with a Liza Minnelli show just about a year ago for the expansive new retail location on...
