Mall Archives - Zxcoachoutlet

Mall Anchor Stocks Near Short-Term Buy Signals

October 7, 2020

Beaten-down brick-and-mortar retailer Macy’s, Inc. (M) just announced that it will partner with DoorDash to offer free curbside pick-up and same day delivery. The news looks pathetic at first glance, coming more than six months after pandemic shutdowns have exposed the industry’s perennially inadequate response to the e-commerce juggernaut. However, a more balanced view suggests that the retailer is finally taking its survival seriously after a two-year 85% haircut.

Key Takeaways

Department store stocks are testing range support and could bounce in coming sessions.
The long-term outlook for the group remains bearish, with high odds for declines to March levels.
Brick-and-mortar retailers are paying a heavy price for a chronic lack of innovation.

The four surviving mall anchors continue to struggle as we grind through the fourth quarter, but green shoots are appearing, with an improving U.S. economy and stubbornly loyal customer base that’s paying to keep the lights on.

It Took 17 Years, But American Dream Mall Is Finally Opening Some Retail Stores

September 30, 2020

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An artist's rendering of what the long-delayed American Dream mall will look like when it is completed. — The American Dream still have a long way to go before it matches the vision presented in this … [+] artist’s rendering, but it is finally opening its first group of retail stores.

American Dream

It took 17 years to get there, and many stops and starts, but the American Dream mega-mall project is scheduled to open its first group of retail stores tomorrow.

But the project in the New Jersey Meadowlands still has a long way to go before it achieves its stated dream of being “the world’s greatest shopping, entertainment, and dining destination.”

When the mall reopens, only a tiny fraction of the space built to house more than 300 retail stores will be occupied.

The delay-plagued project is still being mysterious about releasing the full list of tenants that will be operational when the mall reopens Thursday after a six-and-a-half month shutdown caused by the COVID-19 pandemic.

Mall Of America Extends A Hand Of Unity To Challenged Local Retailers

September 26, 2020

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Local indie-retailers embody Unity, hope and possibility at MOA's Community Commons. — Mall of America is launching Community Commons October 1, 2020 populated by local, Minneapolis based … [+] boutiques, restaurant and art galleries that were shuttered, due to the pandemic or civil unrest over the past summer.

Sanford Stein, Mall of America

Mall of America, for all its “bigness” is not a stranger to small entrepreneurs and independent retailers. Now it is providing a lifeline to some Minneapolis businesses hard hit by the pandemic and the civil unrest resulting from the death of George Floyd.

On October 1, the mall will launch a new, temporary rent-free venue called “Community Commons”. It will be populated by local, Minneapolis-based boutiques, restaurant and art galleries that were shuttered in the spring. The businesses were selected via an application process, which MOA’s Executive Of Business Development and Marketing Jill Renslow describes as an initiative of “hope and possibility.” “Mall of America joins the efforts to

What’s The Future Of Retail? Macy’s Thinking Outside The Mall To Recover From Coronavirus Sales Slump

September 26, 2020

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KEY POINTS

Some malls are expected to close as a result of the coronavirus while others plan to convert retail space to more experiential venues
Macy’s already had planned to close 125 stores through 2022 and slash its corporate ranks
It’s mall traffic is down as much as 48% compared to last year

Macy’s is thinking outside the mall to recover from the coronavirus pandemic, opening standalone stores and focusing on the vacuum created by the bankruptcies of Neiman Marcus, Barney’s and Lord & Taylor.

During its quarterly earnings call earlier this month, Macy’s CEO Jeff Gennette said the chain, which anchors numerous malls across the country and is in the midst of a three-year turnaround plan, is going to test small-format stores and it’s taking Bloomingdale’s with it.

Macy’s Inc., which has a total of 771 locations, lost $431 million in the second quarter compared to an $86 million

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