Retail Real Estate
Rent is Cheap, Vacant Space is Everywhere: Retailers Seize the Moment to Open Stores
SOURCE: CNBC Lauren Thomas Published: March 18, 2021 KEY POINTS For the first time in years, retailers plan to open more stores than they close. From Ulta Beauty and Sephora, to Dick’s Sporting Goods, Five Below and TJ Maxx, businesses are rebounding from the Covid pandemic and looking to expand. Many businesses see an opportunity…
Read MoreMonthly retail sales from the US Commerce Department
The department’s Census Bureau tracks estimates each month. Retail Dive provides the numbers for key segments, and their year-over-year progress, or decline. [ December sales up 6.7% as shoppers ditch department stores. ] UPDATED: Jan. 19, 2021 REPORTING BY: Daphne Howland, Caroline Jansen DESIGN BY: Nami Sumida Editor’s Note: Comparisons for individual segments are updated…
Read MoreICONIC MENSWEAR RETAIL ENTERPRISE CELEBRATES A BIRTHDAY – The Locker Room Turns 57
ICONIC MENSWEAR RETAIL ENTERPRISE BEGINS ITS 57TH YEAR Alex Gatewood opened the Locker Room in Tuscaloosa October 28, 1964 Tuscaloosa, AL The Locker…
Read MoreHow Restaurants Can Approach an Exit Strategy
If the restaurant is facing double-digit reductions in revenue, a decrease in staffing, and no immediate path to recovery, then the operator needs to contact a professional, Webb says. Source: NRN BEN COLEY October 2020 With colder months ahead and a second wave of COVID-19 predicted by some public health officials, the path forward for…
Read MoreAmazon Finally Announced Prime Day. Target’s Response Is a Brilliant Example of How to Steal the Show
Source: Inc. | Jason Aten, Tech Columnist The retail giant announced its Deal Days for October 13 and 14–the same two days as Amazon’s Prime Day sale. Amazon just announced that Prime Day will finally happen October 13 and 14. The site-wide sale usually takes place in July but was delayed this year due to the coronavirus…
Read MoreNew York Fashion Week Goes Home
Source: Halie LeSavage | Retail Brew In the biggest fashion crossover curveball since Crocs and my closet, Lowe’s revealed a major collaboration with next month’s New York Fashion Week. Designers Christian Siriano, Jason Wu, and Rebecca Minkoff will integrate Lowe’s products into their upcoming outdoor presentations next month. Lowe’s will livestream each designer’s show on its Twitter…
Read MoreMore Pain Ahead for Landlords as Restaurant Bankruptcies Poised to Balloon in Coming Months
Source: CNBC / Lauren Thomas/ Amelia Lucas Industry analysts and restructuring experts say another wave of restaurant bankruptcies is looming, as government funds run out and the cooler months roll around, making outdoor dining less viable. “Pre-pandemic, you were already over-saturated with restaurants,” said Michael Jerbich, president of B. Riley Real Estate. “Then the pandemic…
Read MoreSteinMart Files for Bankruptcy with Store Closing Plans
Stein Mart files for bankruptcy with store closing plans By Marianne Wilson – 08/12/2020 Stein Mart is the latest retail victim of the COVID-19 pandemic. The Jacksonville, Fla.-based off-pricer filed for Chapter 11 bankruptcy protection and plans to permanently close most of, if not all, its 279 stores. Stein Mart said it already has launched a store closing…
Read MoreU.S. May Need Another 1 Billion SF of Warehouse Space as E-Commerce Booms – CNBC
Source: CNBC | Lauren Thomas KEY POINTS With more people clicking “buy” online, demand for industrial real estate could reach an additional 1 billion square feet by 2025, according to commercial real estate services firm JLL. The boom for fulfillment centers comes as the traditional retail real estate industry is suffering with store closures piling…
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