Tuesday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Tuesday’s business headlines.
Simon
Indianapolis mall owner Simon’s CEO sees shopper “euphoria” as people return to stores.
David Simon says shoppers are getting back to malls, but that it’s hard to predict what traffic trends are going to look like one year from now.
He cited California and New York as tow examples where store traffic remains suppressed by COVID-related restrictions. International tourism has also yet to return to malls and outlet centers.
Occupancy rates across its U.S. malls and outlet properties is 91%, compared with 94% a year earlier.
Pandemic personality
Americans feel smarter, open to new experiences and more conscientious and less connected to family, friends and romantic partners due to the pandemic, according to a study by Oracle.
Four in 10 respondents did not miss the commute to work, business travel or getting dressed or groomed professionally.
The most popular habit formed was getting things delivered.
Honda Accord
Federal safety regulators are investigating reports that more than 1 million Honda Accords have a steering problem.
The investigation by the National Highway Traffic Safety Administration, disclosed late last week, involves Accords from model year 2013 to 2015.
There have been 107 incidents involving steering reported to the agency or Honda.
Forty-four attorneys general but not Indiana’s signed a letter addressed to Facebook CEO Mark Zuckerberg, urging him to scrap plans for an Instagram intended for younger users, citing mental health and privacy concerns.
The letter comes less than a month after child safety group and Congress expressed similar concerns.