Sears' Longtime HQ In Hoffman Estates Sells For $194M To Data Center Developer
... Illinois in 2021. As of early August, only 12 Sears department stores still existed, down from more than 4,000 at its ...
Sep 18, 2023
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Retailers Show Signs Of Turnaround As Availability Hits Record Low
... 10.4%). There were a few losers, however: department stores, long the Charlie Brown of modern retail, saw sales drop ... 1.6% for the year, while electronics stores sales dropped much more, 12.1%. And of course, retail ...
Nov 16, 2022
News
Property Is Hurting John Lewis. Can It Rescue It Too?
A significant write-down in the value of Waitrose stores was a factor that pushed the John Lewis Partnership to ... of £12B, the financial statement said. Sales in John Lewis department stores were up, but Waitrose grocery sales were down 3%. “Far ...
Mar 16, 2023
News
Ikea Sees A Future For Its Malls In The USA
... as many as 45 U.S. properties, such as shuttered department stores or malls to convert. “Ingka Centres plans to invest €7 ... least when it comes to former department stores. As many as half of all U.S. department stores will close by 2022, Green Street ...
May 18, 2020
News
Battersea Power Station Set To Shift Retail Axis In London
... the post-pandemic proliferation of American candy stores, the departure of several department stores and a disjointed ownership that has seen ... is to keep residents within the borough and spending at stores and restaurants closer to home. “We want to ...
Oct 04, 2022
News
Retailers Flash Warning Signs That Consumer Spending Might Be Waning
... that its “other revenue” — which Reuters reports is primarily the department store’s credit business — declined by 2% in Q2. The ... the first half of this year and opened 36 new stores, CoStar reported. Its financial standing has improved — it reported a ...
Aug 25, 2023
News
This Week's London Deal Sheet
... SF at the two centres. They include Frasers Group, with department stores House of Fraser and Sports Direct. Other renewals include photography ...
Aug 08, 2024
News
This Week's N.Y. Deal Sheet
... in North America in addition to selling its apparel in department stores, has signed an 11-year office lease for 25K SF ...
Jul 30, 2024
News
Strip Centers Reap The Rewards Of A Retail Revival As Tenants Flee Traditional Malls
... brick-and-mortar retail renaissance as stalwart chain and department store tenants flee their spaces in traditional enclosed malls ... air. Retailers like Gap and Sephora, as well as department stores like Macy's and Bloomingdale's, are moving into strip ...
Dec 17, 2021
News
Retail Sales Drop, With Some Retailers Facing Holiday Extinction
... down 3.5%) and car dealers (down 1.7%). Department stores, the perennial Charlie Brown of the retail sector, suffered a ... Moody's named as especially at risk Belk (department stores), Beverages & More, Jo-Ann Stores, Party City Holdings, The Fresh Market, MED ...
Dec 16, 2020
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