BusinessThe Street•2 hours agoMalls of the Future May Be Nothing More Than Giant Parking Lots for Uber Drivers and Amazon Workers
Here comes a parking lot full of Uber drivers next to the former Sears (SHLD) . "The growth of e-commerce and the increasing emphasis on delivery speed as well as pick-up services for retail goods will likely precipitate a convergence of industrial distribution and retail real estate," Fitch said in a note on Tuesday. Fitch essentially predicts that well-located malls - calculated by their proximity to population density plus the per capita income of that region - will prosper in the future as distribution and pickup centers for e-commerce retailers like Amazon (AMZN) , the giant online corporation which saw its stock hit a record $1,000 a share on Tuesday, rather than shopping destinations.
- Finance24/7 Wall St.•5 hours ago
What Analysts Have to Say About Walgreens Ahead of the Merger Deadline
The Walgreens Boots Alliance Inc. (WBA) and Rite Aid Corp. (RAD) merger has been the subject of much controversy over whether the deal actually will go through. Analysts have taken the perspective that this deal might be too difficult to call correctly, and those covering it generally have created two scenarios about what could happen. 24/7 Wall St. has examined a recent report from Jefferies that has a fairly optimistic view on Walgreens, win, lose, or draw on the deal.
- PoliticsThe Street•5 hours ago
Shark Tank's Barbara Corcoran Grades President Donald Trump
Real estate mogul and "Shark Tank" star Barbara Corcoran thinks President Donald Trump could improve his leadership skills. "As a leader, I would have to give him a very, very low grade," she said in an interview with TheStreet. She said leaders are supposed to bring people together.
