Moody’s Analytics is a financial analysis firm. Axios reports that a recent paper published by this company finds that the presence of a Cheesecake Factory restaurant at a shopping mall is a positive indicator of that mall’s financial well-being.
Shopping malls, once dominant features of American suburban life, have declined with the pandemic lockdowns and the rise of online shopping. But, Moody’s finds, 93% of malls with a Cheesecake Factory are current on their loan payments contrasted with 72% of malls that don’t. This is likely because a Cheesecake Factory restaurant is a destination experience that draws people to a mall.
-via Megan McArdle | Photo: Mike Kalasnik
Source: neatorama