Esther Fung
Wall Street Journal
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Past articles by Esther:
Biden Appoints Federal Panel to Intervene in Railroad Labor Dispute
The move ahead of a Sunday deadline averts a possible strike, with unions and freight railroads unable to reach a new pact and coping with service strains. → Read More
FedEx Benefits From Higher Shipping Rates, Fuel Surcharges
The delivery giant’s operating income rose 6.7% from a year earlier to $1.9 billion, led by its Freight and Express units, where operating income rose 67% and 20%, respectively. → Read More
FedEx and FourKites to Share Package-Tracking Data
A new supply-chain intelligence platform combines data from FedEx’s network of more than 16.5 million daily shipments and FourKites’ tracking platform, which supports more than 2.5 million daily shipments. → Read More
FedEx Boosts Dividend, Adds Directors in Deal With Activist D.E. Shaw
FedEx is expanding its board under an agreement with D.E. Shaw and will adjust its executive-compensation program and increase its quarterly dividend. → Read More
American Dream, a Giant Mall Outside Manhattan, Aims to Ride Luxury Wave
The sprawling shopping mall and entertainment center outside Manhattan is opening its luxury retail wing next month, a sign of budding momentum for the suburban New Jersey complex after a run of early setbacks. → Read More
Westfield’s Shrinking Mall Portfolio Shows Industry Divide
U.S. operators seek to shed the shopping centers whose values have slid in an effort to reduce debt. → Read More
Commercial-Property Sales Volume Returns to Pre-Pandemic Levels
The recovery has been fueled by historically low interest rates and the belief of many investors that the worst of Covid-19 is over. → Read More
Bloomingdale’s Joins Smaller-Store Trend With Bloomie’s Launch
The 22,000-square-foot store in a suburban shopping district in Fairfax, Va., will carry far fewer products than traditional Bloomingdale’s stores, but will update its selection multiple times a week. → Read More
Covid-19 Rent Breaks for Retailers Are Becoming the New Norm
Leases that tie rent to a portion of sales look poised to outlast the pandemic. → Read More
U.S. Travelers Say ‘Aloha’ Again, Bringing Relief to Hawaiian Hotels
Hotels in Hawaii are starting to recover as domestic travelers make their way to the islands as a result of vaccination progress and an easing of travel restrictions. → Read More
That Vacated Sears Store May Reopen as a Public School
Mall owners are finding charter schools make good tenants in many of the spaces left empty by departing big-box retailers. → Read More
Shoppers Return to Malls, With an Urge to Spend
Vaccinated shoppers are heading back to the mall, offering hope that the worst of the pandemic downturn is over for this beleaguered industry. → Read More
This New York Hotel Quarantined the Sick. Now the Owners Regret It.
The hotel owners say at least one guest canceled a booking after realizing the property was used to quarantine Covid-19 patients and say it is impossible to know how many others stayed away because of the stigma. → Read More
Kimco Realty to Buy Rival Weingarten Realty for About $3.9 Billion
The deal values Houston-based Weingarten at an 11% premium to its Wednesday closing share price. → Read More
Last Spa-Shooting Funeral Planned by Chinese-American Community
The Atlanta Chinese American Alliance helped arrange Sunday service for a woman whose family is unable to travel because of pandemic restrictions. → Read More
Ask WSJ: The Movement Against Asian-American Violence
The Atlanta-area spa killings that included six women of Asian descent heightened fears already running through an Asian-American and Pacific Islander community facing rising violence, threats and hate crimes. Join Wall Street Journal reporters Esther Fung and Akane Otani, plus Korea bureau chief Timothy Martin, in conversation with editor Bourree Lam about how the increase in violence is… → Read More
Airport Retail Shops Pin Hopes on Bump in Travel
Stores and restaurants strong enough to have survived the coronavirus business collapse see signs of nascent recovery as passenger volumes hit the highest levels in a year. → Read More
Cinema Owners Cheer More Reopenings, but Business Still Struggling
The industry grapples with limited seating capacity and movie fans watching films from the comfort of home. → Read More
Malls Spent Billions on Theme Parks to Woo Shoppers. It Made Matters Worse.
Go-karts, laser tag and ropes courses aren’t very popular during a pandemic, even when they’re open. For big operators who thought entertainment was a solution to a declining business, the bills are coming due. → Read More
Hedge-Fund Manager Ackman Raises Bet on Housing in Texas, Hawaii, Las Vegas
Billionaire hedge-fund manager William Ackman is raising his bet that the migration of Americans to warmer, lower-tax cities is here to stay. → Read More