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The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)
National Weekend Edition

UK tax break expiration could hurt struggling retailers

A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping...

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)
National Weekend Edition

Turkish mall valued at $1B in deal with Qatar

Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping...

Turkish mall valued at $1B in deal with Qatar
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target is opening yet another location in New York City. The big-box retailer has signed a lease at 258...

Target planning yet another NYC store in Chelsea
An analysis of data from CoStar found that retailers nationwide had missed two to four months’ rent (iStock)
National

Retailers now owe $52B in back rent

Brick-and-mortar stores were struggling before the pandemic. But now, the retail sector owes $52 billion in back rent. An analysis of data from CoStar found that retailers nationwide had missed two to four months’...

Retailers now owe $52B in back rent
Macy’s CEO Jeff Gennette (Getty; iStock)
National

Macy’s experiments with “dark stores”

As Macy’s grapples with a net loss of $91 million in the third quarter, the brand is reimagining what the future of its business may look like. One possible answer: fulfillment centers. As two...

Macy’s experiments with “dark stores”
More restrictions are headed to New York restaurants, causing more challenges for restaurants struggling to get by during the pandemic (Getty)

NYC requires new safety measures for outdoor dining

As New York heads into the winter months, the city is placing more restrictions on outdoor dining and pop-up...

NYC requires new safety measures for outdoor dining

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