Spending growth at mom-and-pop businesses has outpaced that of the big chains in the past two years, according to Sarah Quinlan, senior vice president at credit-card giant Mastercard Inc.
The shopping-mall operator said in its quarterly filing on Nov. 3 that it had adopted a cash-severance plan, ensuring that senior executives would get nice checks if they leave or are terminated within two years of a change in control.
Food halls are considered the newest and hottest way to combine dining, entertainment and even locally sustainable eating in one place.
CBL has been facing pressure to grant tenants rent concessions, says Ana Lai, primary credit analyst at S&P.
The results indicate that Americans are still willing to hit the mall and stock up on apparel, if they feel like they’re getting a deal.
The move represents the rare giant mall trade offer in recent memory, and could re-price a sector challenged by the rise of e-commerce.