Retail Landlords Reel as Big Luxury Brands Threaten to Close Stores if Rents Aren’t Slashed by Nick Corbishley • May 5, 2020 • 93 Comments Luxury retail isn’t what it used to be, from Barcelona to Hong Kong.
Mainland Chinese Stop Buying Hong Kong Residential Properties, Try to Unload What They Have, Prices Follow by Nick Corbishley • Apr 21, 2020 • 119 Comments “Some forced selling is highly likely.”
Another U.S. IPO of a Chinese Company Goes Bust in 11 Months by Wolf Richter • Apr 7, 2020 • 127 Comments Trading of Luckin shares now halted. Wall Street banks, which get big-fat fees, are all too happy to sell this stuff to the American public.
Preparing for the Aftermath: China’s Airlines Try to Exit Crisis, Alitalia is Nationalized, Qantas Plans 21-Hour Direct Flights by MC01 • Apr 6, 2020 • 53 Comments The situation is very fluid.
A Word About Hong Kong’s Retail Sales Collapse: It’s a Mess by Nick Corbishley • Apr 1, 2020 • 57 Comments Sales at luxury goods stores, once the largest category, collapsed by 86% since their peak in 2013-2014.
CoronaWar Battlegrounds: New York Leads in Growth, Minnesota Bends it Best. California Hot Spots v. Italy & South Korea. Pain in Spain by Wisdom Seeker • Mar 28, 2020 • 215 Comments Madrid area hospitals were forced into wartime-triage, denying care to the elderly in order to give the young a better chance.
Just How Bad Is It Going to Get for US Airlines? by Wolf Richter • Mar 2, 2020 • 123 Comments “We are preparing for the possibility of further reductions to our schedules as the virus spreads.”
China’s Non-Manufacturing & Manufacturing PMIs Show to What Unfathomable Extent the Economy Has Collapsed by Wolf Richter • Mar 1, 2020 • 209 Comments The charts are brutal.
How a Coronavirus Case in Korea Instantly Hit a Small Business in the US by Wolf Richter • Feb 27, 2020 • 140 Comments Everyone is trying to figure out how to get around the sudden hurdles.
Stocks Plunge (or Dip?), Traders Confused: This Wasn’t Supposed to Happen. Complacency Exacts its Toll by Wolf Richter • Feb 24, 2020 • 206 Comments The coronavirus is just the latest in a long series of issues successfully brushed off as irrelevant because all that mattered was that stocks went up.
