For Manhattan's retail industry normal may never return

On a damp and humid Thursday afternoon Manhattan’s Union Square is looking sorry for itself. There’s 73,000 sq ft of empty retail space up for grabs at 44 Union Square in the now boarded up neo-Georgian landmark that was once Tammany Hall. There’s more space to rent on the opposite corner and the neighbouring thoroughfares, Broadway and Fifth Avenue, some of New York’s retail arteries.

Happening in Chicago, as well. Adding the looters just accelerates this.

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Brooks Brothers face bankruptcy ?! Oh No !

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Travel stocks hit by UK's French quarantine move; China retail sales keep falling - business liveRolling coverage of the latest economic and financial news, as retail spending in China falls for the seventh month running Cosa pretendere dagli untori del mondo? 好像零售额转正了，7月同比增长0.2％，除了餐饮业和影视业，其他行业恢复到疫情发生之前的状况了，能不能不要发假新闻了。 In 2018, household savings as a percentage of GDP in the US was 7.6%. The comparable figure for China was 23%. In 2008, during the financial pandemic that originated on Wall Street, household savings in China spiked as people recognized the imperative of saving for a rainy day.
Source: The Guardian - 🏆 84. / 53 Read more »