The final nail is in the coffin for Fortunoff. The sale will continue until all merchandise is liquidated. So, what was Fortunoff’s downfall? I believe it was an ill-defined brand. Being known as they were for such varied merchandise as jewelry, home furnishings and outdoor furniture, Fortunoff’s model was one of a specialty department store, […]
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Big Box Vacancies
Big box vacancies are increasing exponentially. The following article from the St. Louis Post Dispatch does a great job of framing the issue and suggesting some alternative (and VERY creative) reuses.
Macy’s Huge Lay Off
I don’t get it. How can Macy’s cut 7,000 employees by only closing 11 stores. It doesn’t make sense. I am on watch for a second round of Macy’s store closings.
Home Depot to Close Expo, Yardbird’s and HD Bath
Hot off the press…It was just announced that Home Depot is closing all their peripheral brands, about 48 stores in all. Closing will be all remaining Expo, Yardbird’s and HD Bath Locations.
Kansas City Retail Market
I spent a few days last week in the Kansas City market. First of all, it is one of the nicest markets in the US, especially the area around Country Club Plaza. Retail on the whole is performing well in the market. The most successful retail properties seem to be Town Center at Leawood and […]
Circuit City to Liquidate
Sad to say, there is no surprise here. What is frightening is the number of power center vacancies due to the recent liquidations: Goody’s, Linens ‘N Things and now Circuit City. And are there any growing specialty box tenants to take their place?
