2017 is just two months old, but we have already experienced what feels like a year’s worth of major store closing and liquidation announcements from national brands. This spike in store closings seems to have rattled retail industry professionals, and has gotten retail analysts and observers talking about big shifts – and thinking not only […]
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How Does Big Retail Fallout Affect The Valley?
Mark Brodie/WJZZ Phoenix – Over the past couple of weeks, we’ve heard about Macy’s closing 68 of a planned 100 stores across the country and The Limited closing all 250 of its stores. With some big retailers downsizing, we wanted to get a sense of the landscape for the Valley. To do that, I’m joined […]
‘Challenging Retail Environment’ Prompts Macy’s, Sears to Shutter Stores
John Nelson & Katie Sloan/Midwest Real Estate News – Macy’s Inc. (NYSE: M) and Sears Holdings Corp. (NASDAQ: SHLD) both announced on Wednesday plans to close a large number of department stores in an effort to improve their long-term operating performance. Macy’s will close 68 stores and Sears will close 150 non-profitable stores comprising 109 Kmart […]
Ax falls on 68 Macy’s stores; Lehigh Valley Mall location spared
Jon Harris/The Morning Call – Struggling department store chain Macy’s will close six stores in Pennsylvania this year, but its Lehigh Valley Mall location won’t be one of them. The retailer on Wednesday announced 68 store closings across the country, including the Macy’s at the Plymouth Meeting Mall in Montgomery County and the Macy’s at […]
Property Management: Mixing It Up
Samantha Goldberg/Commercial Property Executive – With the 2016 holiday season in full swing, retailers and retail owners across the country are hoping to capitalize on the increased traffic. U.S. holiday sales are expected to rise a solid 3.6 percent this year to $655.8 billion, according to the National Retail Federation, an estimate that bodes well for […]
How Macy’s and Sear’s may invite other retailers to take their spaces
Suzette Parmley/The Philadelphia Inquirer – Empty nesters often downsize into space better suited to their new needs. So do failing department stores that sit empty due to new competition and the rise of digital shopping. Last month, Macy’s Inc. announced it was forming a strategic alliance with Brookfield Asset Management to increase the value of its […]
