Retail industry

FILE - This Feb. 16, 2010 file photo shows the headquarters of the Simon Property Group in downtown Indianapolis. The Simon Property Group will buy mall operator Taubman Realty in a deal valued at around $3.6 billion as those properties continue to struggle along with their retail tenants. Simon Property Group Inc. said Monday, Feb. 10, 2020, that its operating partnership, Simon Property Group, LP, will buy all of Taubman stock for $52.50 per share. (Danese Kenon/The Indianapolis Star via AP, File)
KNSS News
February 10, 2020 - 9:58 am
The Simon Property Group will buy mall operator Taubman Realty in a deal valued at around $3.6 billion as those properties continue to struggle along with their retail tenants. Simon Property Group Inc. is the nation's largest mall operator. It said Monday that its operating partnership, Simon...
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In this Jan. 31, 2020, photo, Ann Lovell stands at the security checkpoint before her flight from Salt Lake City International Airport to San Diego. Lovell travels every few months to Tijuana, Mexico, to buy medication for rheumatoid arthritis — with tickets paid for by the state of Utah's public insurer. Lovell is one of about 10 state workers participating in a year-old program to lower prescription drug costs by having public employees buy their medication in Mexico at a steep discount compared to U.S. prices. (AP Photo/Rick Bowmer)
February 09, 2020 - 9:48 am
SALT LAKE CITY (AP) — Ann Lovell had never owned a passport before last year. Now, the 62-year-old teacher is a frequent flier, traveling every few months to Tijuana, Mexico, to buy medication for rheumatoid arthritis — with tickets paid for by the state of Utah’s public insurer. Lovell is one of...
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People wearing masks buy foods at a supermarket in Hangzhou in east China's Zhejiang province, Saturday, Feb. 8, 2020. China's communist leaders are striving to keep food flowing to crowded cities despite anti-disease controls, to quell fears of possible shortages and stave off price spikes from panic buying after most access to Wuhan was cut off Jan. 23. Food stocks in supermarkets ran low shortly after Beijing imposed travel curbs and extended the Lunar New Year holiday to keep factories, offices and other businesses closed and the public at home, attempting to prevent the virus from spreading. (Chinatopix via AP)
February 08, 2020 - 1:40 am
BEIJING (AP) — The manager of the Wushang Mart in Wuhan, the locked-down city at the heart of China’s virus outbreak, says its shelves are loaded with 50% more vegetables and other food than usual to reassure jittery customers. Communist leaders are trying to keep food flowing to crowded Chinese...
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CEO of Swedish telecom giant Ericsson, Borje Ekholm talks to the media after presenting the company's 2019 full year result at the Ericsson headquarters in Stockholm, Sweden, on Friday Jan. 24, 2020. (Fredrik Sandberg / TT via AP)
February 07, 2020 - 4:27 pm
BEIJING (AP) — More than a month after the outbreak of China's deadly virus, the economic damage is being felt by more businesses and is threatening the outlook for the global economy. In a report Friday, the Federal Reserve warned that the virus represents an international risk. “The recent...
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Entrepreneurs Kevin Hart, of Randolph, Mass., left, and Kobie Evans, of Boston, right, speak to reporters after attending a meeting of the Massachusetts Cannabis Control Commission, Thursday, Feb. 6, 2020, in Worcester, Mass. The commission voted in favor of licenses for a number of cannabis shops, including Pure Oasis, a soon to open pot shop in Boston's Dorchester neighborhood by Evans and Hart. (AP Photo/Steven Senne)
February 06, 2020 - 4:28 pm
BOSTON (AP) — Boston’s first retail pot shop and Massachusetts’ first minority-owned marijuana business was approved Thursday, more than a year after the first shops opened elsewhere in the state. The state’s Cannabis Control Commission on Thursday voted to give final license approval to Pure Oasis...
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People wearing face masks walk past a fashion shop in Hong Kong, Thursday, Feb. 6, 2020. Ten more people were sickened with a new virus aboard one of two quarantined cruise ships with some 5,400 passengers and crew aboard, health officials in Japan said Thursday, as China reported 73 more deaths and announced that the first group of patients were expected to start taking a new antiviral drug. (AP Photo/Vincent Yu)
KNSS News
February 06, 2020 - 12:03 pm
BEIJING (AP) — Airlines are extending their suspension of flights to mainland China, while more retailers are putting an estimate on the economic damage they expect to incur from the virus outbreak in China. Here is a look at the latest developments on how the virus is affecting global business:...
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FILE In this Jan. 31, 2014 file photo, a KFC sign hangs in Saugus, Mass. KFC owner Yum Brands ended 2019 with better-than-expected sales, but the impact of the new virus in China could weigh heavily on its first quarter results. Yum said fourth quarter revenue rose 9% to $1.7 billion. (AP Photo/Elise Amendola, File)
February 06, 2020 - 7:02 am
KFC owner Yum Brands ended 2019 with better-than-expected sales, but the impact of the new virus in China could weigh heavily on its first quarter results. Yum has a strong presence in China, which makes up 27% of KFC's sales and 17% of Pizza Hut's sales. Yum shares fell more than 2% to $104.49 per...
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A volunteer stands in front of a Communist Party flag as he takes the temperature of a scooter driver at a roadside checkpoint in Hangzhou in eastern China's Zhejiang Province, Monday, Feb. 3, 2020. China sent medical workers and equipment to a newly built hospital, infused cash into financial markets and further restricted people's movement in sweeping new steps Monday to contain a rapidly spreading virus and its escalating impact. (Chinatopix via AP)
KNSS News
February 04, 2020 - 3:34 pm
WASHINGTON (AP) — Hyundai Motors is suspending production in South Korea, a sign that the economic fallout from China's viral outbreak is spreading. For other companies bracing for losses from coronavirus, the damage has so far been delayed, thanks to a stroke of timing: The outbreak hit just when...
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Dummies are displayed in a fashion shop at the Montenapoleone shopping district, in Milan, Italy, Tuesday, Feb. 4, 2020. China's virus outbreak is giving global business a chill. In Milan’s luxury Montenapoleone shopping district, dozens of luxury brands decked out their windows for Chinese New Year. But wealthy Chinese shoppers, who are responsible for about one-third of all luxury purchases globally, have failed to arrive in their usual numbers. (AP Photo/Luca Bruno)
February 04, 2020 - 11:38 am
MILAN (AP) — Italian fashion officials on Tuesday forecast a nearly 2% drop in first-half revenues due to the virus emerging from China, which also is preventing three Chinese fashion houses from traveling to Milan Fashion Week later this month. Chinese consumers are the biggest luxury spenders in...
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FILE - In this Jan. 22, 2020, file photo a store front is closed below an Express retail clothing store in Valley West Mall in West Des Moines, Iowa. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January. (AP Photo/Andrew Harnik, File)
KNSS News
February 03, 2020 - 8:33 am
A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in September. Simon and Brookfield are Forever 21's biggest landlords. The other bidder is...
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