Retail
A price index for commercial real estate fell by 9.4 percent in April and is down by 10.4 percent below its peak from last year. Investment and research firm Green Street Advisors said that retail and hotel assets are doing…
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Oak Park Mall, Independence Center, and other area malls are reopening this week, as stay-at-home orders are relaxed in several area municipalities. Oak Park, in Overland Park, is opening tomorrow, with 11 a.m. to 7 p.m. hours, while Independence Center…
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Kansas City, Mo., has released its long-awaited guidelines for reopening restaurants in the city. Starting on May 15, establishments will be able to open for in-dining businesses as long as they follow a specific set of rules put forward by…
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Kansas City, Mo., will start what Mayor Quinton Lucas is calling "responsible reopening" on May 15. "As we continue working to increase our testing capacity and contact tracing capabilities, I implore all who can to continue working from home and…
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J. C. Penney, which operates seven stores and a distribution center in the Kansas City area, could file bankruptcy this week and close about a quarter of its 850 stores. A report by Reuters said that company, which has closed…
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Hostess Brands had a favorable first quarter despite the onslaught of the COVID-19 pandemic, with revenues rising in the double digits. Sales rose 14.4 percent, hitting $243.5 million, mostly due to the $320-million acquisition of Voortman Cookies Limited in December.…
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The unemployment rate hit 14.7 percent in April after non-farm payroll fell by 20.5 million throughout the month, reported the U.S. Department of Labor Statistics. Unemployment rose by 10.3 percent, following several months of record-breaking strong employment numbers. The 20.5…
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Kansas City's reopening plan for restaurants and others businesses might be delayed due to a COVID-19 outbreak at the Triumph Foods plant in St. Jospeh, which employees several KC residents, as well as another one at the McCrite Plaza at…
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Upscale department-store chain Neiman Marcus has filed for Chapter 11 bankruptcy, joining a list of companies that have filed for bankruptcy recently, due in part to COVID-19 pain. Neiman's closest store to the Kansas City area is in St. Louis,…
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The major car-rental companies are seeing major decreases in sales and profits due to flight occupancy being down 95 percent on many carriers. Hertz recently missed a payment to a group of lenders and has until May 22 to reach…
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