Mall retailers were 'well stocked' and inventory was 'adequate' ahead of holiday season--BofA

Mall retailers were 'well stocked' and inventory was 'adequate' ahead of holiday season--BofA
·1 min read

Holiday mall traffic appeared to still be down from 2019, but same-store sales were "flat to or above" 2019 levels given "strong" conversion rates, according to analyst Lorraine Hutchinson at BofA Securities. Strong conversion rates indicate that the ratio of buyers to browsers has increased. Hutchinson's outlook comes after she hosted the annual Holiday Mall tour at the Queens Center in New York, where she met with a number of store managers. He said that most retailers, which have eased store

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