Major U.S. retailers have more than $70 billion in lease obligations coming off the table in the next four years, opening up significant opportunities for initiatives ranging from e-commerce development to basic store count reductions.
A study by Moody’s Investors Service found the minimum lease obligations for a group of 62 U.S.-based retailers — all either publicly traded or holding public debt — will drop to $133 billion in 2018 from $203 billion this year as leases expire. The median for this group is a reduction to $1.2 billion in 2018 from $1.6 billion this year.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)