The retail industry is certainly expecting its COVID-19 casualty list to be high, but is it possible that one-third of all malls will cease to exist at the end of 2021?
Owners and operators of shopping malls and outdoor centers have never been known as early adopters of technology, but that most certainly is going to change in the post-pandemic era.
Starbucks Corp. will transform its U.S. stores — and shutter up to 400 locations — as it focuses on digital integration and convenience to meet “shifting customer behaviors.”
The nation’s largest mall operator has called off its merger agreement with — and filed suit against — a rival, citing fallout from the COVID-19 pandemic.
In 2020’s first quarter, Sephora threatened to close the 600 shops it operates inside J.C. Penney stores before coming to an agreement to keep them open.