Paige Yowell/The Omaha World-Herald – Holiday shopping comes to a close this weekend, and retailers may finally have a reason to celebrate: Sales for the season are expected to be up heftily over last year. That’s after years of stagnant sales or nominal year-over-year sales growth. Experts say a few things are behind that increased […]
Archives for 2017
Make or break? Bon-Ton giving away $1 million in gift cards today
Jon Harris/The Morning Call – If all you want for Christmas is a Bon-Ton gift card, we hope you started your day at one of the retailer’s area stores Wednesday morning. That’s because, for the second consecutive year, The Bon-Ton Stores Inc. is giving away $1 million worth of gift cards just days before Christmas across its […]
Unibail-Rodamco to Acquire Westfield in $16B Deal
Gail Kalinoski/Commercial Property Executive – A plan by Unibail-Rodamco SE—Europe’s largest listed commercial property company—to buy Australia’s Westfield Corp. for nearly $16 billion will create a global leader in flagship shopping destinations, but it may also be the beginning of more consolidation in the coming year. “It made a lot of sense even though they paid […]
Real Estate’s Next Chapter
With the holiday shopping season now underway, the final chapters of 2017 are already being written. While we don’t know exactly how the story will end, we can safely say that this has been a rough year for retailers–and for the retail real estate industry. As everyone begins to look forward to the new year, […]
Why they’re going gaga over Wawa in Washington, D.C.
Laura Olsen/The Morning Call – For District of Columbia residents, it’s tough to satisfy a craving for a hoagie. But South Jersey native Travis Hughes does what he needs to do when he gets a Wawa fix. Hughes once used a car-sharing service for the sole purpose of renting a vehicle to drive to the nearest […]
Marijuana grow operation proposed for closed JC Penney store
Paula Gardner/MLive – Malls across the United States are seeking tenants to fill vacancies created as retailers close stores. Shoppers will find offices, service businesses and schools amid traditional apparel stores – and, in one Michigan mall, a medical marijuana dispensary. Now its owner wants to expand by establishing a marijuana growing operation in a closed […]
