... Department stores are shuttering locations en masse—earlier this month Macy’s announced it would close 15% of its portfolio, or 100 stores ... says CMBS exposure to malls anchored by Macy’s stores is considerable, and the collateral could amount to $28 ...
... Also on Thursday, Macy’s announced the locations of 66 department stores it plans to shutter during the first quarter. The ... profitability by focusing on its best-performing stores and online sales. The iconic department store chain said last year that it ...
... to fall into disrepair while collecting rent from tenants. Department stores are the most likely retailers to be impacted by ... acquisition comes as other department store brands are disposing of real estate. JCPenney is selling 119 stores to a Boston- ...
... rates and rebased rents, and although the loss of the department stores made headlines, the reality is that they were tired ... , Kenningham said. “The voids and the loss of the department stores also created the opportunity for investment and new names brands ...
... circuit. People come, stay for longer, might buy from the stores or have a night cap at a bar afterwards. There ... options to every storey. “For any major retail destination or department store, a strong fashion offer remains vital to attracting footfall ...
... recent role was as director general for digital at the Department for Work and Pensions, responsible for technology and data ... across the department, including the technical capability in 850 job centres and ...
... Sunday Times reported. The deal saw the duo buy 18 department stores from the Canadian Weston family, including Selfridges in London, Manchester ... Oxford Street is one of the world's most famous department stores and is the second-largest store in the UK ...
... a fantastic opportunity.” Cross-State Commonalities The two former department stores have a lot in common. They were both constructed ... wasn’t a surprise to retail experts like Gartner: “Department stores have fallen out of favor across the country,” he ...
... As the white flight from the city accelerated, the department stores that called the Westside home either closed or followed ... the ensuing years, the large buildings once occupied by department stores sat vacant and deteriorated into blight. The record and ...
... the Abraham & Straus flagship department store. After being acquired by Federated Department Stores in 1994, most Abraham & Straus stores were converted to Macy's ...
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