Minnesota’s Mall of America will dedicate a retail space called Community Commons to shops in Minneapolis and St. Paul whose businesses have been disrupted by the pandemic and social unrest brought about by the killing of George Floyd.
With e-commerce sales surging past 20% during the pandemic, shopping center operators have had serious discussions about turning their empty department store anchors into last-mile distribution centers.
Ascena Retail Group Inc., whose banners include Ann Taylor, Loft and Lane Bryant, is selling its plus-size Catherines brand for more than double what it was originally offered.
