Stunning Brick & Mortar Meltdown, Manhattan Style: The Collapse of Retail Rents Before & Now During the Pandemic by Wolf Richter • Jan 11, 2021 • 171 Comments Store rents had already plunged, amid a surge in vacancies. Then in the spring, the market froze; when it thawed, rents dropped to 10-year lows.
After 17 Years of Falling Ticket Sales, Movie Theaters Got Annihilated in 2020 by Wolf Richter • Jan 10, 2021 • 209 Comments Americans are watching more movies than ever, but they’re watching at home. The studios are on board in a big way.
Where Americans Splurged & Where They Cut Back in 13 Whiplash-Charts by Wolf Richter • Dec 16, 2020 • 149 Comments Stimulus Fatigue sets in. Second month of declining retail sales in a row. But online sales eked out a new record, if barely.
Three Big Retailer Casualties in One Week: UK Retail Landlords Reel after Worst Week of Nightmare Year by Nick Corbishley • Dec 7, 2020 • 50 Comments Some property owners are more exposed to the fallout than others.
Just in Time for Holiday Shopping Season: UK Fashion Giant Arcadia Crashes into Bankruptcy by Nick Corbishley • Dec 1, 2020 • 34 Comments Asset stripping by its owner, years of brick-and-mortar meltdown, topped off by the Pandemic. Suppliers, landlords, and pensioners twist in the wind.
California Legal Cannabis Sales Exploded. And California is Cashing In by Wolf Richter • Nov 24, 2020 • 110 Comments On Fumes of Stimulus and to Soothe the Frustration.
Online Sales by Category, in Weirdest Economy Ever by Wolf Richter • Nov 19, 2020 • 82 Comments Online sales jumped 37% in Q3, after 44%-Spike in Q2. Online food-and-beverage sales up 160%.
Stimulus Fatigue? Retail Sales Wane at Many Brick & Mortar Stores. Department Stores Progress to Zombiehood. But Online Sales Surge to Record by Wolf Richter • Nov 17, 2020 • 121 Comments My 13 whiplash-charts by retailer category.
Why Simon Property Group & Brookfield Property, #1 & #2 Mall Landlords, Bought J.C. Penney and Other Collapsed Retailers out of Bankruptcy by Wolf Richter • Nov 11, 2020 • 113 Comments After years of brick-and-mortar meltdown, the Pandemic. Desperate measures are now required.
What Took so Long? After Years of Brick & Mortar Meltdown Punctuated by the Pandemic, Two Mall REITs File for Bankruptcy by Wolf Richter • Nov 2, 2020 • 152 Comments CBL and Pennsylvania Real Estate Investment Trust were both toast before the Pandemic. The banks are stuck.
