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Tag: might

Here’s why the biggest U.S. mall owner might want to buy JC Penney

Simon Property Group might want to own bankrupt J.C. Penney in order to be able to redevelop some of its best real estate and make it even better, according to one analyst.  “We believe Simon wants to control the J.C. Penney boxes and land so that it can ultimately redevelop many of these in order …

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COVID-19: Retail sales recovery period for India might kick-start from May, says report

The short-term impact of the coronavirus pandemic on retailers in the country will be severe, but retail sales recovery period for India is expected to kick-start from the first week of May subject to the lockdown not being extended further, a report by Capillary Technologies said. The report said until March 16, the consumer retail …

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Here’s why malls in America might not be dead after all

CNBC’s Jim Cramer said he’s rethinking his negative view toward the fate of American shopping malls following Monday’s announcement that Simon Property Group was buying rival Taubman Centers in a $3.6 billion deal. “I came away saying, I guess I’m just too negative on the thing I’m most negative about … the future of the …

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Shoppers might not be flocking to stores on Black Friday. But they’re still spending

This Black Friday, fewer shoppers are flocking to the mall to snag discounted clothing and electronics. Some stores looked eerily sparse. But that doesn’t necessarily mean spending is going to be weak this holiday season. It’s simply a sign of a fundamental shift happening in the retail industry: More purchasing is moving online. Shoppers already …

Shoppers might not be flocking to stores on Black Friday. But they’re still spendingRead More

CBD might not be safe despite flood of products, FDA warns consumers

A matcha shop that offers drinks with drops of CBD oil. Angelica Lavito | CNBC CBD might not be as safe as the companies selling it say it is, the Food and Drug Administration is warning consumers. The cannabis compound has been widely touted as a harmless way to treat a slew of ailments, such …

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