Watching the Real-Estate Bust
The pandemic severely affected mall retailers. The mall’s occupancy plummeted from 96% to below 50%. Owners Unibail-Rodamco-Westfield and Brookfield Properties ceased mortgage payments, and by...
Walmart Lays Off Hundreds of Corporate Workers
Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned...