Today In Data

The Impact Of The Coronavirus On US Shopping Malls

The Impact Of The Coronavirus On US Shopping Malls

Mall owners are closing shopping centers amid the coronavirus outbreak, and a trade group that represents them reports that closures are putting a strain on its members. The International Council of Shopping Centers (ICSC) says it believes action from the federal government is needed, and large retail brands began to put a price tag on the revenue losses they expect to face. All this, Today in Data.

Today in DataData:

2K: The number of employees that restaurant owner Danny Meyer laid off across his high-end brands.

$400B: Approximate amount in state and local taxes the shopping industry generates in the U.S.

209: Number of malls that Simon closed as of Wednesday night.

80: Extra hours of paid sick time that Home Depot employees will receive.

$1B: Approximate amount of sales Adidas says it would lose by closing in China.