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Mall Vacancy Rate Reaches 20-Year High Of 9.7 Pct.

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Although earlier reports of a retail apocalypse were overstated at first, the latest statistics seem to indicate “that the scales may have tipped,” said Barbara Denham, senior economist at Reis. percent in Indianapolis. Overall retail sales from Nov. Overall retail sales from Nov. percent of shops were empty.

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Retail Pulse: Amazon Grows 4-Star Footprint; Forever 21 Files For Bankruptcy

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Online retailers are expanding their brick-and-mortar footprints – and using feedback from eCommerce customers to inform the selections in their new stores. There are also digital price tags for every item, and Prime members can pay the discounted online price for their selections at the store. In Other Brick-and-Mortar News.

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Uber Connect Expands For Holiday Package Delivery

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locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St.

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Simon Property Group Looks To Raise $300 Million For Shell Company

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The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. Indianapolis-based Simon said the IPO will offer 30 million “units” at $10. Simon owns such properties as the upscale Copley Place in Boston.

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Can Sports And Entertainment Really Spark Mall Revivals?

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Long live physical retail. In particular, all retail anchor stores have been spoken for — which is critical for malls because those locations, typically department stores, are key in driving foot traffic.”. Granted, retail does not get all the credit for this. percent in Indianapolis. Overall retail sales from Nov.

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Target Expands Drive Up Service In The Midwest

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Drive Up allows consumers to order products through Target’s mobile app and pick them up outside a Target store, the retailer said in an announcement. The service is available in markets such as Chicago, Indianapolis and Columbus, and with this expansion, Drive Up is available at more than 800 brick-and-mortar locations in 25 states.

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Uber Eats Sees 59 Pct Spike In European Grocery Delivery

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Online meal delivery orders were down in March across the sector, prompting companies to look into new ways to generate revenue. In Britain, Uber Eats has nine networks of convenience stores and over 700 shops on its platform, and is in talks with other retailers and supermarket groups, Ficaja said.