At Southgate Mall, Saks might lead wave of departures John Hielscher / Sarasota Herald-Tribune SARASOTA – As potentially devastating as Saks Fifth Avenue’s exit may be for Southgate Mall, it could be just the first of several major tenant losses there for mall owner Westfield Corp. That is because tucked within many mall and shopping […]
Archives for April 2012
Safeway could be a potential takeover target
Safeway could be a potential takeover target Eve Mitchell / Contra Costa Times Beset by tough competition and buffeted by the Great Recession, Safeway has struggled to find its footing, leading to speculation that it is ripe for a takeover by a bigger grocery chain or private equity firm. The grocery industry has undergone a […]
Off-Price Nordstrom Rack Opens To A Crowd, But Will It Last?
Off-Price Nordstrom Rack Opens To A Crowd, But Will It Last? Janice Podsada / The Hartford Courant When Nordstrom announced last August that it would open a Nordstrom Rack in Farmington, many Hartford-area consumers said they were not familiar with the chain. While some had heard of “The Rack,” few had actually shopped at the […]
Best Bye?
The financial trouble of electronics retailer Best Buy has been widely covered (by myself included!), so it was no surprise when the company announced they would be closing stores. What did come as a surprise was the announcement that they plan to open 100 Best Buy Mobile stores. In the latest edition of Retail Rap, […]
The Evolution of Retail: Part I
The Evolution of Retail: Part I Jeff Green and Jason Baker/Shopping Center Business Of all commercial real estate categories, retail has undergone the most radical changes in post-downturn America. And it is a transformation that’s only destined to continue in the coming years as the industry wrestles with increasing online sales, waning store growth opportunities […]
Safeway escalates food fight
Safeway escalates food fight It’s cart vs. cart as rivals roll into region Blanca Torres / San Francisco Business Times Safeway Inc. is feeling the pinch of competition from smaller, scrappier rivals adding stores in the Bay Area, but the Pleasanton-based supermarket chain isn’t planning on giving up its turf so easily. Besides adding and […]
