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Retail

Leader of US shopping center lobby issues statement as malls gasp for breath

July 20, 2020

U.S. department store chain Neiman Marcus, currently in Chapter 11 bankruptcy proceedings, has four big leases for sales in malls across the United States. Department stores typically anchor malls in the U.S. and their departure typically triggers escape clauses for other brands and retailers. Image credit: ICSC U.S. department store chain Neiman Marcus, currently in Chapter 11 bankruptcy proceedings, has four big leases for sales in malls across the United States. Department stores typically anchor malls in the U.S. and their departure typically triggers escape clauses for other brands and retailers. Image credit: ICSC

 

By Luxury Daily News Service

The U.S. shopping mall is fighting for its existence as the COVID-19 coronavirus outbreak has temporarily shuttered stores and restaurants in these theatres of retail that are home to luxury goods and specialty brands.

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  1. Burberry surpasses social impact goals, citing 1M+ reached in five years: report
  2. Day's wrap: Hermès, Hublot, Four Seasons and The Macallan
  3. Big Tech embraces China’s Web novels, short dramas. When will luxury follow suit?
  4. Vestiaire Collective, Paco Rabanne collaboration celebrates circular fashion
  5. Data-driven creative helps brands go from global to local
  6. Audi propels Santa into the future with electric sleigh
  7. Roar Africa, Emirates debut $125K African safari with conservation and learning flavor
  8. Ruder Finn & CSG 2020 forecast shows silver lining in the China luxury market
  9. Day's wrap: Cartier, Ferragamo, Knight Frank, Estée Lauder, Hermès and Kering
  10. Day's wrap: IAB, Tiffany, Euromonitor and 7 ways to reinvent luxury model
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