Here’s why retail investors shouldn’t worry about empty malls
Empty malls are clearly a bearish sign for the retail sector, right? Not so much, at least according to a CNBC report. A different Black Friday Consumers spent 22.4% less year-over-year during the period from Thanksgiving through Sunday, according to industry data. But this doesn’t tell the whole story as spending heading into the Thanksgiving weekend was up by more than 65% year-over-year. All the statistics aside, it was evident that mall-based physical retailers were feeling some sort of pain. KeyBanc analyst Ed Yruma noted that stores he visited “seemed even emptier than a pre-COVID-19 weekday,” according to CNBC. But
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