Millennials have big plans for the year ahead, at least when it comes to their online shopping habits.
Over 27% of millennials plan to spend "significantly more" online and less in-store this year, according to a survey from ESW, a global direct-to-consumer leader that helps retailers expand DTC channels.
Another Shakeout Is Coming for Shopping Malls - The Washington Post
CBL malls aren't alone. The American Dream mall, owned by Canadian mall developer Triple Five Group, was sued by bondholders after it refused to make more than $8 million in interest payments. Malls are a deeply local business which means even strong national operators have weak assets.
The mall business can't survive without access to debt. But mall owners will need to carefully balance servicing debt with investing in their properties to keep sales afloat.
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Millennials plan to stick with online shopping even as stores rebound, new survey finds https://t.co/wqLHBdgET5 CNBC (from Englewood Cliffs, NJ) Fri Mar 24 16:02:07 +0000 2023
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