Why Macy's is closing 150 department stores
The new CEO is culling "underproductive" locations, while opening more upscale Bloomingdale's and Bluemercury stores. Here's what's happening with the chain.
shopping malls
After 38 years on the job, Santa Luke still has time for everyone. Yes, you too
We spent a day soaking up the low-key magic made by Luke "Santa Luke" Durant, who draws large crowds — young and old — to storied Mondawmin Mall in Baltimore.
HPU economist predicts a stronger holiday sales season for most retailers
High Point University economist Michael McCully is expecting holiday spending to be higher this year than last.
More Retail Workers Are Quitting Than Ever, But More Stores Are Opening Than Expected
The U.S. retail industry is setting records: workers quitting and workers hired. Wages are finally growing. And despite the pandemic devastation, brand-new stores are still opening.
Havana Now Has A Luxury Mall. But Who Can Afford To Shop There?
Cuba is not an easy place to buy things: Food is rationed, wages are low, and the black market is a way of life. But at the new Manzana de Gomez mall, one can buy face cream for $162.40 an ounce.
Retailers Scrambling To Adjust To Changing Consumer Habits
Nine U.S. chains have filed for bankruptcy this year. Store closures are accelerating, and 89,000 retail jobs have been lost since October. "The disruption is just unfolding," a former executive says.
As Their Anchors Sink, Malls Try To Present Retail 'Experience'
With more department stores closing, some owners are trying to make malls "more experiential," adding gyms and theaters. One developer is targeting Hispanics with regular concerts and festivities.
Tussle Over Electric Bill Plunges New York Mall Into The Dark
The lights suddenly went off today at the Rotterdam Square Mall near Schenectady after what the owners say was "a total misunderstanding" with the power company.
Holiday Shoppers Are Filling Their Carts, Online
In-store purchases on Black Friday fell this year, but online sales have seen a big increase. Easy comparison shopping and widespread free shipping have sweetened the deal for many online shoppers.
Here's What's Becoming Of America's Dead Shopping Malls
What happens when shopping malls die? Often they're turning into medical centers, churches, schools and universities and new suburban downtowns.