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Brookfield Asset Earmarks $5 Billion To Help Struggling Mall Retailers

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The funds will be managed by Ron Bloom, managing partner and vice chairman of Brookfield’s private equity arm, who said the focus would be on helping small businesses get back on their feet. “We Brookfield has been moving in on mall-centric retail for some time, acquiring all of the stake for U.S.

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MGM Resorts Appoints Acting Chief Executive Officer

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Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. He is a Providence Equity Partners senior managing director emeritus.

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Legal Cannabis Retail Gets Big, Feminine And Luxurious

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It’s not often that one gets to see a new form of retail emerge, but that’s what’s happening with, of all things, legal recreational cannabis. So far, this retail is taking a form that is big, feminine and even a bit luxurious. The retailer said it is launching The High End, a luxury cannabis lifestyle and wellness concept shop.

Retail 186
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Mall Vacancies At Highest Level In Eight Years

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Some geographies are coping with the upheaval in retail better than others, as vacancies in U.S. However, the retail vacancy rate was under 7 percent in 17 cities, with San Francisco taking the lead at 4.1 Vacancy rates also improved during the past year in 43 cities, including Seattle, Las Vegas and Chicago.

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Macy’s Spotlights Women-Owned Businesses With SoGifted

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The retailer is opening SoGifted shops in its flagship Manhattan store and six other locations. The two managing partners invest in diverse entrepreneurs at the seed and pre-A stage. Macy’s ongoing partnership with b8ta , which helps brands set up physical retail operations, enabled SoGal to quickly open at the department store.

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Amazon Expands Amazon Home Services To Twenty New Metro Areas

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In a press release , the eCommerce giant said the new cities include Indianapolis, IN; Las Vegas, NV; San Antonio, TX; Ann Arbor, MI; Cleveland, OH; Milwaukee, WI; Boulder, CO; Raleigh, NC; Trenton, NJ; and more. Local service providers opt in based on where they operate and the services they offer.

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Why North American Merchants Are Adopting Alipay In-Store (And Online)

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To serve travelers from China who want to shop in-store and online, retailers thousands of miles away from Asia are accepting Alipay in brick-and-mortar stores and on the web. Alipay North America General Manager Yulei Wang said in the announcement, “This is a key strategic partnership for achieving awareness in the U.S.,

Online 140