Walgreens CEO Pessina Steps Down; Plus, Target Joins Walmart In Thanksgiving Closure; And Retailers, Malls Step Up Rent Payments
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TOP STORIES   July 27, 2020
SHOPPING MALLS

Megamalls – Like Mall Of America And American Dream – Face Mega Problems

While many malls have stepped up their lease payments, the two biggest ones have not. The company that owns Mall of America and the still-in-progress American Dream project in the New Jersey Meadowlands has hit a rough patch, and has missed more than $25 million in payments.
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RETAIL RENTS

Retail Rental Payments Make Comeback
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DIRECT TO CONSUMER

Shellfish Industry Turns To DTC To Boost Profits
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WHAT’S HOT
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Walgreens’ Pessina To Exit CEO Role; Will Move To Executive Chairman
• Target Takes Big Step To Close On Thanksgiving Holiday
• Retailers With Mask Requirements Won't Turn Away Non-Compliant Shoppers
• Instacart Blames Reused Passwords For Account Hacks
• Chinese Property Industry Disruptor Beike Files For $2B US IPO
• ‘National Drive-Thru Day’ Symbolizes The COVID Summer
• Fauci Encourages Return Of Sports, With Caution
• Taking Digital Approaches To Marketplace, Restaurant Operations
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