Paul Gores/Milwaukee Journal Sentinel – If you want to illustrate just how much the brick-and-mortar retail landscape has changed, you could sum it up with this: For the first time in more than 90 years, the Milwaukee metro area doesn’t have a full-line Sears department store. The last Sears department store here closed a week ago at Brookfield Square. Sears […]
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After a harrowing holiday season, struggling department stores reach a ‘tipping point’
Alessandra Malito/MarketWatch – That avalanche of promotional emails and in-your-face advertisements isn’t cutting it for shoppers, and it’s costing department stores sales and profits — as well as their employees and locations. This week, Macy’s M, -1.17% announced it’s cutting more than 10,000 jobs and identified 68 stores out of the 100 closures it announced last year, Sears SHLD, -4.81% announced on […]
Is Black Friday falling behind Stormy Monday?
Suzette Parmley/The Philadelphia Inquirer – As Gail Kerick began her holiday shopping in earnest last week, she was steadfast in her intent not to shop at all on Thanksgiving Day. “Absolutely not,” said Kerick, 64, a retiree from Morrisville, as she combed the women’s sweater racks at a local Kohl’s. “Everyone needs a family day. You can shop […]
Fall Of The Mall? How Mergers and Millennials are Changing an American Icon
Bryan Pearson/Forbes – In Dearborn, Michigan, Lord & Taylor has been tailored for Ford. The Fairlane Town Center in suburban Detroit is retrofitting the former department store space and several other vacancies to accommodate offices for Ford Motor Co. The automaker will move 2,100 workers to the mall as it converts 240,000 square feet of former retail space […]
The District Detroit aims to be a game changer for city
Christina Cannon/Heartland Real Estate Business – Summer may be approaching, but workers on the Detroit Events Center are cooling off as the practice ice begins to take shape. With work on the roof and training facility underway, the new home of the NHL’s Red Wings is right on schedule to open for the 2017-2018 season. With so much excitement surrounding the construction of the arena, it’s easy […]
Retail as Multifamily Development Opportunity
Jeff Green & Jerry Hoffman/Multifamily Executive – With mixed-use opportunities on the rise, development professionals are capitalizing on the growing trend to cross-categorize the retail real estate and multifamily housing markets to create a sense of “place.” This is especially visible in major urban markets like New York and Dallas, but we’re now starting to […]
