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Top related persons:
Justin Sullivan - 1 Macy's - 1 Tony Spring - 1 Chris Wimmer - 1 Saul Loeb - 1 Taylor - 1 Anand Kumar - 1 Kumar - 1
Top related locs:
San Leandro , California Arlington , Virginia U.S JLL San Francisco
Top related orgs:
Fitch - 1 Shoppers - 1 Fashion Centre - 1 Pentagon - 1 Afp - 1 Getty - 1 JCPenney - 1 Coresight - 1

Search resuls for: "Naveen Jaggi"


2 mentions found


☆ Apartments, hockey rinks and Amazon warehouses: Macy's closures will set off a wave of change at shopping malls
  + stars: | 2024-08-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com   time to read: +6 min
Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. As of early May, the company had 503 Macy's stores, including a small number of other concepts outside of malls. There were 352 shopping malls classified as Class A and B at the end of 2016, according to company reports, S&P Capital IQ and Coresight Research. That decline is sharper among Class C and D shopping malls, which fell from 684 malls in 2016 to 287 in 2022, according to the companies' research. At some distressed malls, Macy's may be the last anchor that remains.
Persons: Justin Sullivan, Macy's, Tony Spring, Chris Wimmer, Saul Loeb, Taylor, Anand Kumar, Kumar, Naveen Jaggi Organizations: Fitch, Shoppers, Fashion Centre, Pentagon, Afp, Getty, JCPenney, Coresight, Nordstrom, Belk, Foods, Brookfield Properties Grocery Locations: San Leandro , California, Arlington , Virginia, U.S, JLL, San Francisco
☆ The collapse of the 'unremarkable middle' might be the best way to describe what's going wrong for retailers right now
  + stars: | 2023-05-30 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +4 min
Stores like Bed Bath & Beyond are an "unremarkable middle," Dennis said on the Remarkable Retail podcast. Fewer middle-income consumers mean a shrinking shopper base for retailers that historically catered to the middle class, Retail Dive reported in 2019. "The apocalyptic part is really about the collapse of the unremarkable middle," Dennis said on the podcast. That's putting new pressure on the "unremarkable middle," Dennis said. "Economic pressure is going to reveal more fragility on the part of many retailers," Dennis added.
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