Category: retail industry

US Retailers Facing a Potential Wave of Bankruptcies

June 24, 2022
bankruptcyBusiness & MarketseconomyFederal stimulus packageinflationretail industryU.S. interest rate hikesUS
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The U.S. retail industry might be at the precipice of a massive wave of bankruptcies, according to multiple experts, as customers struggle with shrinking purchasing power amid rising inflation. “We have potentially a perfect storm brewing,” Sally Henry, a professor of law at Texas Tech Law School and former partner at Skadden, Arps, Slate, Meagher…

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Visits to Shopping Malls Declined 6.5 Percent in September: Report

October 11, 2021
Business & EconomyCompaniesCOVID-19EconomieseconomyFederal Reserveinflationretail industryUSUS Newsvaccinated
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Visits to top-tier indoor shopping malls across the United States were down by 6.5 percent in September amid rising COVID-19 cases and kids returning to school, according to the September mall index from analytics firm Placer.ai. The mall index focuses on 100 top-tier malls and 100 outdoor centers across the United States. July saw shoppers returning…

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Visits to Shopping Malls Fell 6.5 Percent in September: Report

October 11, 2021
Business & EconomyCompaniesCOVID-19EconomieseconomyFederal Reserveinflationretail industryUSUS Newsvaccinated
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Visits to top-tier indoor shopping malls across the United States fell 6.5 percent in September amid rising COVID-19 cases and as kids returned to school, according to the September mall index from analytics firm Placer.ai. The mall index focuses on 100 top-tier malls and 100 outdoor centers across the United States. Shoppers had returned to malls…

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