Some retail shops, restaurants, fitness centers, and movie theaters that survive the pandemic panic may be paying much lower rents in the coming years.
The Urban Land Institutes latest Real Estate Economic Forecast shows that investors have less to worry about than they did during the recession of 2008 — unless they happen to have large holdings in hotels or retail.
BJ's Wholesale Club reported profit and sales that topped analyst expectations amid surging online sales and a spike in new members during the pandemic.
With its stores dark for half the quarter due to the COVID-19 pandemic and a weak e-commerce presence (or none at all for some of its brands), The TJX Cos. posted a much wider first-quarter loss than expected.
Best Buy Co. reported first-quarter earnings and sales that beat analyst expectations amid a 155% rise in online sales as customers took advantage of curbside pickup at its stores.
