... Fall As Macy's Weak Earnings Signal Challenges Ahead Department store stocks fell sharply Thursday morning after Macy's ... preferences change toward online shopping and away from large department stores, investor confidence in the sector continues to worsen. ...
... 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- ...
... financing commitment from a group of bondholders to keep the department stores running while it navigates the restructuring. A new CEO ... to lead to store closures across Saks’ portfolio of luxury department stores. It’s a stunning fall for the company, which ...
... 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 ...
... it uses as the principal distribution centre for its convenience stores across south London and the south east. LEASING UCL ... in 1929 by Harry Wilson, chief architect for Burton’s department stores. The corner site will be transformed to provide private ...
... 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 ...
... 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 ...
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