Coresight: Challenges Loom For Mall Operators

Shopping malls face a tough go of it in reopening as coronavirus-related shopping restrictions ease, according to a Coresight Research report, with consumer wariness only one of the challenges they face.

Macy’s Sells Five Store Locations

Macy’s has sold five stores to General Growth Properties. The sale is part of the retailer’s previously-announced plan to drive profitable growth by reallocating investments to its highest growth potential stores and digital businesses, and to capitalize on opportunities within the company’s real estate portfolio.