Simon Property Group Inc

Express files for bankruptcy, plans to close nearly 100 stores

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Pedestrians walk past an Express Inc. store in New York, U.S., on Wednesday, May 31, 2017. Mark Kauziarich | Bloomberg | Getty Images Longtime mall retailer Express filed for Chapter 11 bankruptcy on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it.  … Read more

The Fed’s rate hikes did little to slow our robust economy

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Can’t stop won’t stop? OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. And as we walk into retail earnings hell — a period where too many retailers report all at once and the comparisons become odiously confusing, starting with Walmart and Home … Read more

Shein’s revenue is ‘a lot more’ than $30 billion annually: exec

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Shoppers walks past advertisements on the opening day of fast-fashion e-commerce giant Shein, which hosted a brick-and-mortar pop up inside Forever 21 at the Ontario Mills Mall in Ontario on Oct. 19, 2023. Allen J. Schaben | Los Angeles Times | Getty Images ORLANDO, Fla. — Little is known about how much revenue Shein draws … Read more

AI is giving Santa a boost this holiday season

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Manonallard | E+ | Getty Images For many Americans, it’s the first holiday season when most of the family may know the term “artificial intelligence” if it comes up during Christmas dinner. Just don’t expect AI to do the heavy lifting for Santa quite yet. The rise of generative AI — and the use of … Read more