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Simon Property Group announced the recently closed former Sears anchor store at the Brea Mall will be converted into a mixed use destination.
News

The Brea Mall’s Sears Will Be Redeveloped Into Mixed-Use

... April 10. It was one of 39 big-box department stores Sears Holdings Corp. closed nationwide due to the ... financial woes.  The Sears was one of five anchor department stores inside the 1.3M SF Brea Mall. Built ... 77 acres and features more than 175 stores.

Apr 16, 2018
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Retail Sales Missed Economist Estimates In September Due To A Drop-Off In Restaurants, Bar Visits
News

Retail Sales Missed Economist Estimates In September Due To A Drop-Off In Restaurants, Bar Visits

A U.S. Commerce Department report found that overall retail sales ... at least two years, according to CNBC. Clothing stores saw sales increase 0.5% after a 2 ... in soft goods segments such as clothing and department stores have fueled the lion's share of negative ...

Oct 15, 2018
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25 Things You Need To Know This Week (Retail)
News

25 Things You Need To Know This Week (Retail)

... To Cease Operations, Liquidate Assets Retail Apocalypse, Mini Department Stores, Tech Giants Change The Face Of Pop-Up Retail ... Home Improvement Business Smart Retailers? They're Shrinking Stores Investors Still Pursuing Grocery-Anchored Shopping Centers But ...

Dec 14, 2018
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IKEA's First Urban-Format U.S. Store Will Be In The Heart Of Manhattan
News

IKEA's First Urban-Format U.S. Store Will Be In The Heart Of Manhattan

... all major issues for retailers across the country. Malls and department stores are all adapting. Target, for example, is opening a ... slew of small-concept stores in urban locations across the country. Walmart is more directly ...

Dec 04, 2018
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J.C. Penney Struggles With Major Debt, Mulls Options
News

J.C. Penney Struggles With Major Debt, Mulls Options

... , but there will probably be more in 2020, CNBC reports. Department stores aren't the only kind of retail suffering from the ... Retail Group recently announced the closure of 53 more Dressbarn stores by the end of August. The move continues the winding ...

Jul 21, 2019
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16 Things You Need to Know This Morning
News

16 Things You Need to Know This Morning

GGP To Purchase, Redevelop 100 Vacant Department Stores Instead of purchasing any additional prime retail ... on purchasing and redeveloping vacant department stores across the country. GGP has completed 115 department store redevelopments in the last ...

Jun 09, 2017
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Donald Trump Presidency
News

Trump's Tariffs On Remaining $300B Of Chinese Goods Puts Retail In Serious Jeopardy

... Goldman Sachs predicted in the wake of the announcement that department stores would once again be hit the hardest by higher costs ... with previous groups of goods, as many as 12,000 stores in the U.S. could close in the next year ...

Aug 05, 2019
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17K SF Back Bay Luxury Retail, Office Building Sells For $42M
News

17K SF Back Bay Luxury Retail, Office Building Sells For $42M

... high-end versions of the curbside pickup model seen at department stores.  Contact Tim Carroll at tim.carroll@bisnow.com.

Aug 04, 2020
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Sycamore Partners Could Buy JCPenney For $1.75B, Merge With Belk
News

Word On The Street: Belk Owner Sycamore Partners Could Buy JCPenney, Merge Them

... an eleventh-hour effort to bring life to two struggling department stores that remain staples within the U.S. shopping mall landscape ...

Jul 29, 2020
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Neighborhood Tour: Midtown, The Birthplace Of Holiday Retail
News

Neighborhood Tour: Midtown, The Birthplace Of Holiday Retail

... said. Herald Square has long been a retail center. Department stores like Gimbels, Korvettes and Ohrbach’s set up shop ... of appliances. “Herald Square was a retailers' paradise for department stores because it was so densely populated with foot traffic,” ...

Dec 21, 2017
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