Sarah M. Wojcik/The Morning Call – Plans for the first brick-and-mortar Walmart supercenter in Bethlehem’s city limits ground to an abrupt halt Thursday when the retail giant announced it is withdrawing its proposal for the site — the second time in as many weeks the company has ditched stores slated for the Lehigh Valley. A 158,000-square-foot facility […]

Justine Griffin/941CEO – When Sarasota’s Southgate Mall lost two of its three anchor stores—Dillard’s and Saks Fifth Avenue—it faced a familiar crossroads in today’s retail landscape: reinvent itself or perish. Reinvention seems to be winning. Today, the center has a new name—Westfield Siesta Key—and more the feel of a community gathering place than a traditional mall. Macy’s […]

Steve McLinden/Shopping Centers Today – Retail chains under the ownership of private equity firms are declaring bankruptcy and liquidating at an alarming rate, as the practices of high-leverage borrowing and equity stripping make it harder for vulnerable retailers to turn around. “If you look at the record of private equity in the retail industry, it is […]