Justine Griffin/The Tampa Bay Times – The retail industry had a tough year in 2016. Sports Authority went bankrupt and closed all its stores. Teen apparel retailers Aéropostale, Pacific Sunwear and American Apparel filed for bankruptcy protection, too. Macy’s said it would close 100 of its 675 department stores nationwide. More than 30 Sears and Kmart […]
Archives for 2016
Malls are not dead (at least in Seattle, where they are changing to remain vibrant and popular)
Janet Tu/The Seattle Times – IT’S LUNCHTIME, and things are bustling at Din Tai Fung in Bellevue’s Lincoln Square. Outside, a line is waiting to get in, and those who’ve already eaten are saying goodbye to their dining companions. Among them is Fabian Loken, who has just finished lunch with a friend. Loken, 63, who […]
Have you noticed golf carts zipping down your street? That’s UPS delivering holiday packages
Justine Griffin/ Tampa Bay Times – Nazrine Beasley cruised down W. Empedrado Street in the Palma Ceia neighborhood on a recent sunny afternoon. She had dropped off all the packages that once filled the empty trailer that bounced behind the golf cart she was driving. She was headed back toward Himes Street, where a POD storage container […]
Property Management: Mixing It Up
Samantha Goldberg/Commercial Property Executive – With the 2016 holiday season in full swing, retailers and retail owners across the country are hoping to capitalize on the increased traffic. U.S. holiday sales are expected to rise a solid 3.6 percent this year to $655.8 billion, according to the National Retail Federation, an estimate that bodes well for […]
Good vibes, but serious concerns, emerge from New York ICSC show
The good vibes, as well as the negative rumblings, that percolate through big events are an annual check on the pulse of an industry. In the case of retail real estate, I am happy to report that the positives seemed to outweigh the negatives at ICSC’s Deal Making show in New York last week. Let’s […]
PREIT pitching new tenants for targeted Macy’s spaces
Suzette Parmley/The Philadelphia Inquirer – NEW YORK – As he paced back and forth in the PREIT booth at the Jacob K. Javits Convention Center, Joe Coradino had a mission: to sell Macy’s spaces in malls that his company owns and that are on the brink of closing – and soon. Among those targeted in the […]
