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Tag: problems

CBL, PREIT file for bankruptcy as retail’s problems hit mall landlords

Retail turmoil unleashed by COVID-19 has made its way to landlords.  Two mall operators, PREIT and CBL & Associates Properties, filed for bankruptcy within 24 hours of each other. While neither Chapter 11 comes as a surprise, they both serve as a reminder that the financial stress in the industry is deep and spread among …

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Macy’s main problems are the products it sells, store environments

By Neil Saunders, managing director of GlobalData Retail – 11/21/2019 Get great content like this right in your inbox. Subscribe With a 4.3% decline in total revenue and a 3.9% dip in comparable sales, the latest set of numbers from Macy’s suggests that there are more nightmares than miracles on 34th Street. As well as …

Macy’s main problems are the products it sells, store environmentsRead More