A worker collects a box for delivery at the Amazon tracking center in Baltimore, Maryland, USA, April 30, 2019. Clodagh Kilcoyne | Reuters Amazon is in talks with mall owner Simon Property Group over the use of some closed JC Penney and Sears stores for Amazon tracking centers, The Wall …
Read More »Mall owner Simon and Authentic Brands bid $ 305 million for Brooks Brothers
A pedestrian wearing a mask passes a Brooks Brothers store closed during the COVID-19 crisis on May 6, 2020 in Vancouver, Canada. Andrew Chin | fake pictures A company known as Sparc LLC, which is comprised of American mall owner Simon Property Group and apparel licensing firm Authentic Brands Group, …
Read More »JC Penney Gets More Time From Lenders In Search Of Survival
An empty parking lot is seen outside a closed JC Penney Co. store on Mt. Juliet, Tennessee, Thursday, April 16, 2020. Luke Sharrett | Bloomberg | fake pictures JC Penney will fire nearly 1,000 employees as he works out a plan with his lenders to emerge from bankruptcy. The struggling …
Read More »Brookfield, other US mall owners rent parking lots during a pandemic
A drive-in theater is installed in the parking lot of Brookfield’s Park Meadows shopping center in Lone Tree, Colorado, just outside of Denver. Source: Kilburn Parking lots, of all places, are becoming major sources of income for some mall owners during the coronavirus pandemic. Brookfield Properties has signed an agreement …
Read More »Micron, Conagra, Apple, Xilinx brands and more
Take a look at some of the most important engines on the previous market: Conagra Brands (CAG): The food producer reported quarterly earnings of 75 cents a share, 9 cents a share above estimates. Revenue also exceeded consensus, and Conagra gave a forecast range of earnings for the current quarter …
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