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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)