Consider the future of malls in America as articulated by Mathrani, the real-estate veteran just named to run WeWork. "You sort of sit back and say 'OK, if there are 1,100 malls in the country, where do I see this industry going long term?'" he said in an interview with CNBC. As Macy's, JCPenney, Sears and other major department stores close their doors, the malls that housed those stores are facing a serious crisis. That's because when so-called anchor tenants leave a mall, it opens the door for other stores to break their leases or negotiate much cheaper rent. Between 20% and 25% of American malls will close within five years, according to a new report out this week from Credit Suisse. That kind of plunge would be unprecedented in the nation's history. In 1970 there were only 300 enclosed malls in the U.S., and now there are 1,211 of them. It has been more than a month since the World Health Organization declared the novel coronavirus a public health emergency of international concern. Since the outbreak began, there have been more
22 Feb 2015 Bloomington, UNITED STATES: A sign at the Mall of America is is you've got to be vigilant,” Johnson said on CNN's “State of the Union.
23 Nov 2019 New York (CNN Business) Suburban malls in the middle of America have been hit hard due the financial woes of anchor tenants like Macy's 1 Jul 2019 The largest American mall owner is turning to "Fortnite" and "Harry Potter: Wizards Unite" to help replace ailing department stores. 22 Jul 2019 New York (CNN Business) Malls are passé. Brick-and-mortar stores are struggling. So retailers are focusing on winning customers at the one 5 Feb 2020 New York (CNN Business) Hundreds of American malls are struggling. Their troubles just got worse. Macy's (M), for decades a reliable anchor 24 Dec 2019 But some malls are finding new life by evolving from the traditional model. For example, the former Mercado Mall in downtown Phoenix is now 1 day ago Through the lens of Seph Lawless, see intriguing photos of abandoned malls that explore the changing face of American towns and the retail
A look at the experience of shopping at the Amazon Go store, and how the artificial intelligence that lets you walk in, fill a bag, and walk out could shape retail.
10 Oct 2019 But faced with the emergence of other nearby shopping centers like the Mall of Georgia and the general trend of declining shopping mall 9 Jan 2020 But by 2013, M.B.Z. was deeply worried about the future. cities to the south, with fewer skyscrapers and malls, and it is a little shabbier. in October 2013, M.B.Z. was watching CNN when he learned for the first time that the 31 Dec 2019 2020 hopeful Andrew Yang says he is the best candidate to defeat Trump " because I'm already drawing many of his disaffected voters as well 25 Oct 2019 of the 1 million-square-foot mall, with an option for more space in the future. CNN reported that Mall of America in Minneapolis, the nation's
22 Feb 2015 Bloomington, UNITED STATES: A sign at the Mall of America is is you've got to be vigilant,” Johnson said on CNN's “State of the Union.
Between 20% and 25% of American malls will close within five years, according to a new report out this week from Credit Suisse. That kind of plunge would be unprecedented in the nation's history. In 1970 there were only 300 enclosed malls in the U.S., and now there are 1,211 of them. It has been more than a month since the World Health Organization declared the novel coronavirus a public health emergency of international concern. Since the outbreak began, there have been more A look at the experience of shopping at the Amazon Go store, and how the artificial intelligence that lets you walk in, fill a bag, and walk out could shape retail. View the latest news and breaking news today for U.S., world, weather, entertainment, politics and health at CNN.com.
31 Dec 2019 2020 hopeful Andrew Yang says he is the best candidate to defeat Trump " because I'm already drawing many of his disaffected voters as well
27 Nov 2019 (CNN) -- Black Friday discounts aren't just for people looking to buy holiday gifts. case at the Cheesecake Factory at Coastland Center Shopping Mall. free slices of cheesecake at a future visit in the first quarter of 2020. 10 Oct 2019 But faced with the emergence of other nearby shopping centers like the Mall of Georgia and the general trend of declining shopping mall