The bottom line
▪ Between 20 percent and 25 percent of American shopping malls will close within the next five years, according to a new report from Credit Suisse. Analysts estimate that a record 8,600 malls will close this year, exceeding the previous record of 6,200 in 2008.
▪ Female CEOs may be vastly outnumbered in the S&P 500, but they often make more than their male counterparts. In 2016, 21 female CEOs at the largest U.S. companies received a median pay package of $13.8_mil lion, compared with $11.6_mil lion for 382 male chief executives. Women CEOs of S&P 500 companies have earned more money than men in six of the last seven years.
The Wall Street Journal
▪ Sales of men’s footwear are on pace to surpass women’s shoe sales in the U.S., with $26.2 billion in men’s footwear in 2016 versus $29.9 billion for women. Women’s shoe sales are shrinking while men’s continue to rise, driven largely by sneaker sales and other casual footwear.
▪ Attendance declined at 13 of 14 Disney theme parks around the world last year, with the exception of the newly opened Shanghai Disneyland. Over the past decade, attendance at Disney’s Magic Kingdom in Florida has declined only once, and never for the company’s entire theme park portfolio.
The New York Times
▪ More than 65 percent of 46.2 million defective airbag inflators recalled by Takata in the U.S. have not been repaired. The explosion-prone inflators have been linked to at least 16 deaths and more than 180 injuries worldwide.