Why Many Local Stores Are Struggling to Pay Their Rent

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 22 October 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

P.M. Edition for Oct. 22. WSJ real estate reporter Kate King talks about the pressures local storefront owners are facing. The Journal’s Ryan Dezember discusses whether a home renovation resurgence is on the horizon. Plus, federal prosecutors charge former Abercrombie & Fitch CEO Mike Jeffries with running an international sex trafficking ring. Tracie Hunte hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	People are the lifeblood of every organization, but they're also the greatest source of risk.
0:04.7	That's why Mimecast has pioneered the connected human risk management platform
0:08.6	to help your business protect collaboration, educate employees, and detect insider risk.
0:13.6	Learn more at mimecast.com.
0:15.6	Mike Jeffries, the former CEO of Abercrombie and Fitch,
0:22.3	is facing charges of sex trafficking and why
0:25.3	locally owned stores are losing retail space to big national chains.
0:30.0	Locally owned stores really just need to prove to their landlords that they're
0:33.4	invaluable and that they bring a lot of advantages to the shopping centers where
0:38.7	they're located even if they can't pay the same high rent as a national tenant.
0:43.4	Plus, is a home renovation resurgence on the horizon?
0:48.1	It's Tuesday, October 22nd.
0:49.9	I'm Tracy Hunt for the Wall Street Journal.
0:52.2	This is a PM edition of What's News,
0:54.8	the top headlines and business stories that move the world today.
0:58.3	Federal prosecutors today said that Mike Jeffries, the former CEO of Abercrombie and Fitch,
1:07.0	ran an international sex trafficking ring while he was the company's chief executive.
1:12.0	The 80-year-old Jeffries and his longtime
1:14.1	romantic partner Matthew Smith who faces similar charges were arrested today.
1:18.8	Brienne Pease, the US attorney for the Eastern District of of New York told reporters that from 2008 to 2015
1:25.8	Jeffries pressured young male models into attending sex parties around the world.
1:30.5	While Jeffries was the CEO of one of the most recognizable clothing retailers in the world,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.