Real Estate

Outside a Bon-Ton location.

Real Estate

Bon-Ton Inks $18.9M Sale-Leaseback Deal

Bon-Ton will lease the property for 20 years, and has options to extend for additional periods of time.

clock September 14, 2017Vicki M. Young

People sit at tables at the Stanford Shopping Center, a Simon Property Group property in Palo Alto, Calif., . Simon Property Group, the nation's largest shopping mall owner, made a $10 billion hostile bid Tuesday to acquire ailing rival General Growth PropertiesSimon Properties General Growth, Palo Alto, USA

Retail

David Simon Blames Expensive Online ‘Chase’ for Retail Woes

It’s out with apparel, in with restaurants at Simon Property Group’s malls.

clock September 13, 2017Kali Hays

Bebe is closing all stores, but will remain an online business.

Business Features

Think Tank: Adapting to the New Retail Reality

Matthew Mason and Lauren Leach of Conway MacKenzie share insights into how retailers can adapt to the industry’s extensive transformation.

clock September 5, 2017Matthew Mason and Lauren Leach

Pedestrians pass a Kmart location in New York. Sears Holdings Corp. is announcing, that it will close 68 Kmart stores and 10 Sears stores as it struggles to restore profitabilitySears-Layoffs, New York, USA

Retail

Financial Maneuvers Help Sears Stay Afloat; Merchandise Issues Remain

Comps were down 9.4 percent at Kmart and down 13.2 percent at Sears doors.

clock August 24, 2017Vicki M. Young

Pedestrians pass a Kmart location in New York. Sears Holdings Corp. is announcing, that it will close 68 Kmart stores and 10 Sears stores as it struggles to restore profitabilitySears-Layoffs, New York, USA

Financial

Sears Narrows Q2 Loss; Will Close Another 28 Kmart Sites

150 Kmart and Sears stores are slated to close in Q3, on top of the 180 closed earlier this year and the 28 Kmart stores set to close later this year.

clock August 24, 2017Vicki M. Young

A$AP Rocky Guess Club ad campaign image

Financial

Guess Beats Estimates, Raises Store Closure Total to 70 Stores

The company remains “laser focused” on improving the profitability of its Americas retail business.

clock August 23, 2017Vicki M. Young

Retail

Goldman Sachs’ Matt Fassler Talks ‘Store of the Future’

Retail survivors will be those that tilt toward either distribution or showrooming.

clock August 22, 2017Vicki M. Young

Garment Center Steering Committee supporters speak out on the steps of City Hall.

Real Estate

Garment Center Supporters Make a Case for Keeping Apparel Manufacturing in the Neighborhood

Friday’s speakers urged Mayor Bill de Blasio’s administration to not remove any of the zoning protection until a significant core amount of space is secured for manufacturing in Manhattan.

clock August 18, 2017Rosemary Feitelberg

The activist wants Dillard's to rethink its real estate strategy.

Real Estate

Dillard’s Facing Activist Pressure Again Over Real Estate

Snow Park Capital believes Dillard’s real estate is worth more than $200 a share — compared with the $73.82 closing price of Dillard’s stock.

clock July 31, 2017Vicki M. Young

Taubman Centers' Mall at Short HIlls in New Jersey.

Real Estate

Taubman Chairman Optimistic About Retail

Of the 317,000 square feet connected to store closures, the REIT has released 197,000 square feet to new tenants.

clock July 28, 2017Vicki M. Young

Opposition is mounting within the fashion community to a potential move to Brooklyn.

Business Features

Most Garment Center Factories Would Rather Close Than Relocate, According to New Survey

While the Garment Center Market Rate was reported to be $51 per square foot, the GCSA Survey pegged the average rent for manufacturers at $30.95 per square foot.

clock July 27, 2017Rosemary Feitelberg

Inside a True Religion store.

Financial

True Religion, Gymboree Eyeing Store Closures

Both firms were LBOs and are under bankruptcy court protection due to over-leveraged balance sheets.

clock July 12, 2017Vicki M. Young

Sears Holdings just announced its fourth round of store closures.

Retail

Lampert Blogs on Sears, but Doubts Persist Over Future

Sears is closing eight more Sears and 35 more Kmart stores, its fourth round of closure this year and a total so far of nearly 310.

clock July 10, 2017Vicki M. Young

regional mall reuse

Business Features

Rethinking Regional Malls, Shopping Centers

Two recent reports note the changing role of regional malls brought on by retail market changes.

clock July 10, 2017Arthur Zaczkiewicz

Sears is closing 35 more Kmart stores.

Retail

Sears Adds 8 Stores and 35 Kmart Sites to Closure List

Since 2012, Sears has closed about half of its Sears domestic and Kmart stores, and store closures are expected to continue for the two nameplates.

clock July 7, 2017Vicki M. Young

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Today's Must Read

Naomi Campbell, Claudia Schiffer, Cindy Crawford, Helena Christensen and Carla Bruni closed the Versace show as a tribute to Gianni

Fashion

The Original Nineties Supermodels Close Versace Show as a Tribute to Gianni

clock September 22, 2017Luisa Zargani

Social Studies