Saks becomes belle of this Benderson ball John Hielscher / Sarasota Herald-Tribune UNIVERSITY PARK – When the Mall at University Town Center was first envisioned in the boom year of 2005, Saks Fifth Avenue was not even considered for one of the anchor spots. Instead, the tony retailer was passed over in favor of other […]

At Southgate Mall, Saks might lead wave of departures John Hielscher / Sarasota Herald-Tribune SARASOTA – As potentially devastating as Saks Fifth Avenue’s exit may be for Southgate Mall, it could be just the first of several major tenant losses there for mall owner Westfield Corp. That is because tucked within many mall and shopping […]

Safeway could be a potential takeover target Eve Mitchell / Contra Costa Times Beset by tough competition and buffeted by the Great Recession, Safeway has struggled to find its footing, leading to speculation that it is ripe for a takeover by a bigger grocery chain or private equity firm. The grocery industry has undergone a […]

Off-Price Nordstrom Rack Opens To A Crowd, But Will It Last? Janice Podsada / The Hartford Courant When Nordstrom announced last August that it would open a Nordstrom Rack in Farmington, many Hartford-area consumers said they were not familiar with the chain. While some had heard of “The Rack,” few had actually shopped at the […]

The Evolution of Retail: Part I Jeff Green and Jason Baker/Shopping Center Business Of all commercial real estate categories, retail has undergone the most radical changes in post-downturn America. And it is a transformation that’s only destined to continue in the coming years as the industry wrestles with increasing online sales, waning store growth opportunities […]

Safeway escalates food fight It’s cart vs. cart as rivals roll into region Blanca Torres / San Francisco Business Times Safeway Inc. is feeling the pinch of competition from smaller, scrappier rivals adding stores in the Bay Area, but the Pleasanton-based supermarket chain isn’t planning on giving up its turf so easily. Besides adding and […]