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What to Expect at RECon 2019
News 5 days ago
What to Expect at RECon 2019
Source NREI - Retail

Amidst massive changes and challenges in the retail sector, the convention’s talking points will include everything from new delivery models to ...

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Macy's CEO Confirms Plan to Transform Midtown NYC's Skyline
News 5 days ago
Macy's CEO Confirms Plan to Transform Midtown NYC's Skyline
Source NREI - Retail

The retailer would like to build a 1.2-million-sq.-ft. skyscraper above its Herald Square store. (Bloomberg)—Macy’s Inc.’s top executive confirmed...

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U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases
News 6 days ago
U.S. Retail Sales Unexpectedly Fall Amid Weak Auto Purchases
Source NREI - Retail

U.S. retail sales fell by 0.2 percent in April after a strong month in March. (Bloomberg)—U.S. retail sales unexpectedly declined in April for the...

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Bed Bath & Beyond Should Oust CEO and Sell Assets, Activists Say
News 3 weeks ago
Bed Bath & Beyond Should Oust CEO and Sell Assets, Activists Say
Source NREI - Retail

Legon Partners, Macellum Capital and Ancora Advisors want Bed Bath & Beyond to sell non-core assets. (Bloomberg)—The activist investors in Bed Bath...

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Are Outlet Centers Immune to the Retail Apocalypse or are They Next?
News 3 weeks ago
Are Outlet Centers Immune to the Retail Apocalypse or are They Next?
Source NREI - Retail

While property fundamentals in the sector remain solid, development has slowed significantly. The outlet center sector has been one of the few...

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Bank Branch Closures Are Increasing, But Alternative Tenants May Take Over Vacated Spaces
News 4 weeks ago
Bank Branch Closures Are Increasing, But Alternative Tenants May Take Over Vacated Spaces
Source NREI - Retail

Amid bank branch closures, industry experts expect healthcare clinics and co-working facilities to move into former bank spaces. Healthcare clinics...

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Despite ‘Retail Apocalypse,’ U.S. Grocery Store Openings Jumped 30 Percent in 2018
News 1 month ago
Despite ‘Retail Apocalypse,’ U.S. Grocery Store Openings Jumped 30 Percent in 2018
Source NREI - Retail

Supermarket chains continue to open new stores, but they are focusing on smaller concepts. While a new report by investment firm USB estimates 75...

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Esports Lounges Might Offer Another Way to Drive Foot Traffic to Retail Destinations
News 1 month ago
Esports Lounges Might Offer Another Way to Drive Foot Traffic to Retail Destinations
Source NREI - Retail

Esports lounges set to take up bigger percentage of the leisure sector, offering a new way to fill up retail space. The rise of esports—organized...

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Sycamore Pockets $1 Billion From Deal That Amazed Wall Street
News 1 month ago
Sycamore Pockets $1 Billion From Deal That Amazed Wall Street
Source NREI - Retail

Sycamore Partners’ $5.4 billion refinancing of Staples is a “credit agreement written on a cocktail napkin,” industry observers say. (Bloomberg)...

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Ikea Opens NYC Store for Urbanites Who Won't Assemble a Loveseat
News 1 month ago
Ikea Opens NYC Store for Urbanites Who Won't Assemble a Loveseat
Source NREI - Retail

Ikea will open its first “planning studio” store in Manhattan next Monday. (Bloomberg)—There are no Swedish meatballs at Ikea’s first store in...

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As Neiman Marcus Opens its First NYC Store it Seeks to Gain Time to Escape its Debt Burden
News 1 month ago
As Neiman Marcus Opens its First NYC Store it Seeks to Gain Time to Escape its Debt Burden
Source NREI - Retail

Will the struggling upscale retailer survive as it works to transform its business? Dallas-based luxury department store chain Neiman Marcus opened...

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Chain Retailers Piggy-Back on the Health and Wellness Sector to Draw Foot Traffic
News 1 month ago
Chain Retailers Piggy-Back on the Health and Wellness Sector to Draw Foot Traffic
Source NREI - Retail

From nail salons to yoga studios, chain retailers are adding on experience-focused services to their stores to retain customers. Who would have...

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Beauty Sector Players Expand Physical Footprints Amidst Retail Industry Struggles
News 2 months ago
Beauty Sector Players Expand Physical Footprints Amidst Retail Industry Struggles
Source NREI - Retail

Beauty industry giants Sephora and Ulta continue to thrive and expand as other specialty chains struggle. Struggling retailers may soon be asking...

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No Relief for Retail Landlords as Store Closures Ramp Up Once Again
News 2 months ago
No Relief for Retail Landlords as Store Closures Ramp Up Once Again
Source NREI - Retail

From the Gap to Family Dollar, retailers are announcing hundreds of store closures, with no end in sight. It’s only mid-March and already a slew of...

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Tesla Stores Start to Re-Open After U-Turn on Retail Strategy
News 2 months ago
Tesla Stores Start to Re-Open After U-Turn on Retail Strategy
Source NREI - Retail

Tesla has rethought its decision to close most of its bricks-and-mortar locations. (Bloomberg)—Tesla Inc. stores that closed earlier this month in...

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Houston Malls Take Another Hit with Charlotte Russe Closures
News 2 months ago
Houston Malls Take Another Hit with Charlotte Russe Closures
Source NREI - Retail

Charlotte Russe plans to close all of its 416 locations. Yet another mall-centric fast-fashion retailer is shuttering all of its stores, leaving...

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Not Sure About That Pricey Duvet Cover? Try Renting It First
News 2 months ago
Not Sure About That Pricey Duvet Cover? Try Renting It First
Source NREI - Retail

West Elm and Rent the Runway are partnering to offer consumers rental home furnishings. (Bloomberg)—Consumers are flocking to rental fashion...

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Simon Property Group’s CBD Kiosk Deal Is a Smart Way to Benefit from an Emerging Trend, Experts Say
News 2 months ago
Simon Property Group’s CBD Kiosk Deal Is a Smart Way to Benefit from an Emerging Trend, Experts Say
Source NREI - Retail

The kiosks’ novelty might serve as an added attraction for shoppers, while short-term kiosk leases are low risk. Simon Property Group is...

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Macy's Needs a Bigger Idea Than Cost Cuts: Sarah Halzack
News 2 months ago
Macy's Needs a Bigger Idea Than Cost Cuts: Sarah Halzack
Source NREI - Retail

What Macy’s really needs is to offer more exciting merchandise. (Bloomberg Opinion)—Macy’s Inc. started 2018 with a roar and ended it with a...

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Are Lenders Shying Away from the Retail Sector?
News 3 months ago
Are Lenders Shying Away from the Retail Sector?
Source NREI - Retail

Retail properties can still get financing, capital markets experts say, but their sponsorship, location and metrics are under very close scrutiny....

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Mayor Wants a Vacancy Tax for Empty Storefronts
News 3 months ago
Mayor Wants a Vacancy Tax for Empty Storefronts
Source NREI - Retail

What this would do is force New York City retail locations from keeping their properties empty or holding out for a high-paying, long-term tenant....

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U.S. Retail Sales Seen Slowing This Year as Economy Cools Off
News 3 months ago
U.S. Retail Sales Seen Slowing This Year as Economy Cools Off
Source NREI - Retail

NRF forecasts retail sales will increase by 3.8 percent to 4.4 percent in 2019, below 2018’s level. (Bloomberg)—Retail sales growth in the U.S. is...

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How Many More Store Closures Are Expected in 2019?
News 3 months ago
How Many More Store Closures Are Expected in 2019?
Source NREI - Retail

Overall retail vacancy is likely to remain flat, but sizeable store closures will likely continue. Despite headline-making store closings by Sears,...

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Pending Sears Buyout Puts Regional Mall Owners in Limbo
News 3 months ago
Pending Sears Buyout Puts Regional Mall Owners in Limbo
Source NREI - Retail

Landlords of better performing regional malls would have preferred to get all the stores back at once. Sears Holdings Corp. Chairman Eddie Lampert...

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U.S. Consumer Confidence Falls to 18-Month Low Amid Shutdown
News 3 months ago
U.S. Consumer Confidence Falls to 18-Month Low Amid Shutdown
Source NREI - Retail

The Conference Board confidence index fell to 120.2 in January from 126.6. (Bloomberg)—U.S. consumer confidence slumped in January to the weakest...

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Google to Take Over Los Angeles Mall, Replacing Macy's, Nordstrom
News 4 months ago
Google to Take Over Los Angeles Mall, Replacing Macy's, Nordstrom
Source NREI - Retail

The approximately 14-year lease will commence when construction and tenant improvements are completed in 2022. Macy’s and Nordstrom moved out;...

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Marshalls at Mondawmin Mall to Close
News 4 months ago
Marshalls at Mondawmin Mall to Close
Source NREI - Retail

The store, which will close Jan. 12, will be the second major retailer to exit the Northwest Baltimore retail center. The Marshalls department...

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The Retail Net Lease Sector Begins to Show Slight Signs of Wear
News 5 months ago
The Retail Net Lease Sector Begins to Show Slight Signs of Wear
Source NREI - Retail

Cap rates for retail net lease assets ticked up in the third quarter, while more assets hit the market. Cap rates for retail net lease properties...

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The Retail Net Lease Sector Begins to Show Slights Signs of Wear
News 5 months ago
The Retail Net Lease Sector Begins to Show Slights Signs of Wear
Source NREI - Retail

Cap rates for retail net lease assets ticked up in the third quarter, while more assets hit the market. Cap rates for retail net lease properties...

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Retail Landlords Turn to Mom-and-Pop Shops to Fill Credit Tenant Void
News 5 months ago
Retail Landlords Turn to Mom-and-Pop Shops to Fill Credit Tenant Void
Source NREI - Retail

As consumers increasingly seek out unique experiences, mom-and-pop stores come back into vogue. The end of the traditional big-box era is creating...

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