We’ve come across two articles this morning discussing how retailers will have huge sales this month to lessen the impact of what might be one of the worst holiday seasons ever. A shocker. We know.In both reports, analysts are saying that the likelihood is dim that these discounts will improve the retail landscape. More store closures and bankruptcies are forecast.“I’m not optimistic,” Michael Niemira, the International Council of Shopping Centers’ chief economist told the Detroit News. Well, few people are nowadays.But the article did have one bright spot. Apparently, sales at Mall of America were up 2% this year.Will discounts by the major chains bring similar results and give companies a boost? Or is discounting a bad idea that can only hurt margins?

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.