The future of Atlanta retail in the post-pandemic world
The nation’s oldest department store chain is one of almost two dozen U.S. retailers to file for bankruptcy protection. Many, like Lord & Taylor, founded 194 years ago, Brooks Brothers and Neiman Marcus Group are brand names. Atlanta, where retail vacancy hovered around 5% prior to Covid-19, could see that number climb to at least 40%. And, as many as 100 area restaurants may have closed, according to market estimates. The country’s retail landscape, already experiencing changes before the…
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The nation’s oldest department store chain is one of almost two dozen U.S. retailers to file for bankruptcy protection. Many, like Lord & Taylor, founded 194 years ago, Brooks Brothers and Neiman Marcus Group are brand names. Atlanta, where retail vacancy hovered around 5% prior to Covid-19, could see that number climb to at least 40%. And, as many as 100 area restaurants may have closed, according to market estimates. The country’s retail landscape, already experiencing changes before the…
