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 […]
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As Digital Sales Grow, Shopping Centers Face a Seismic Threat
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 […]
High and Dry: Retailers count the cost of private equity ownership
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 […]
Walmart expands grocery delivery service in Florida markets
Malena Carollo/The Tampa Bay Times – Walmart is formally launching its grocery delivery service in Tampa, the company announced Monday, as it expands its delivery test into Orlando and Dallas. Five locations around Tampa are offering delivery for online grocery orders. “Last year, we began testing grocery delivery through crowd-sourced services like Uber,” the company […]
Will sales clauses in leases soon become obsolete?
The retail landscape today looks different than it did just a few years ago. Brick-and-mortar retail is becoming more diverse. Brands are embracing different operational models and integrating more closely with online and mobile channels. Retailers like Bonobos, Warby Parker and Restoration Hardware are using physical locations purely as showrooms, a new trend that appears […]
Inside The L.A. Mall That’s Defying The Retail Apocalypse
Sheila Marikar/Fast Company – As malls across the country succumb to declining foot traffic and the lure of online shopping, a development in Los Angeles’s artsy Culver City neighborhood is proving that it’s still possible to draw customers in person—if you design the right experience. Called Platform, the year-and-a-half-old space is a cluster of boutiques, […]
