COVID Retail Update: Mall Group Asks For Bailout
PYMNTS
MARCH 18, 2020
In fact, the current situation now has a nickname, courtesy of analysts at Jefferies: Closeageddon. The pain started to become very evident on Wednesday (March 18), as the trade group that represents mall owners asked for a government bailout and big retail names started to put a price tag on the revenue losses they expected to incur.
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