Retail rent collections notched up in July, though they were still down by 19 percent compared to last year. The pandemic has altered how we shop – but is this a temporary or permanent shift?
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Ascena Retail Group, which owns retailers including Lane Bryant, Ann Taylor, Loft and Dress Barn, plans to close up to 667 stores through 2019. About 160 stores have already closed.
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Many major retailers with a high-profile presence at shopping hubs are shuttering their stores as corporations adjust to the SmartPhone and Internet economy, stock market convulsions, and fear of inflation and recession.
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