15/June/2021
United States — Shopping center operator Washington Prime Group Inc. announced June 14 it was filing for Chap. 11 bankruptcy relief, citing the impact of the COVID-19 pandemic.
The Columbus, Ohio-based company owns several assets in Texas, including The Shops at Northeast Mall in Hurst, Irving Mall and Richardson Square in North Texas.
The Commerce Department issues its May tally of U.S. retail sales Tuesday. Economists predict sales fell a seasonally adjusted 0.5% last month. That would follow flat sales in April and a massive 10.7% jump in March, when many Americans received $1,400 stimulus checks that boosted spending.
Retail spending covers about a third of overall consumer spending, which accounts for two-thirds of all economic activity in the U.S... fortworthbusiness.com
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