Friday, January 10, 2020

US mall retailers hit by declining holiday sales

Boston Business Journal
The persistent difficulties facing America’s mall-based retailers were demonstrated on Thursday when several of the biggest names in the sector reported falling sales over the crucial holiday trading period.

Like-for-like sales at JCPenney, which operates 850 stores and is an anchor tenant at shopping malls across the country, dropped 7.5 per cent year-on-year over the nine-week period to the start of January.. . . more