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Macy's is doubling down on the success of beauty supply retailer Bluemercury by adding 60 standalone stores and more locations in their main stores.
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Mall owners around the country are attempting to modify or remove co-tenancy clauses in smaller leases to stop the bleeding caused by anchor closures.
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Mall vacancies were driven upward by store closings in Q3.
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Off-price retailers that specialize in selling high quality and second-hand goods at a discount are in one of the most resilient segments in the retail sector.
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Lerner is looking to sell the 80-acre former mall site that was once a finalist for the FBI headquarters.
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Landlords including Lerner, Brookfield, Seritage Growth Properties and Howard Hughes have varying plans to replace closed D.C.-area department stores.
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Howard Hughes Corp. now controls the entire the Landmark Mall property, with only the Sears remaining open.
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Greater Philadelphia has had it relatively easy as chains like Toys R Us and Bon-Ton have closed. But the next wave might hurt the area worse than ever.
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The retailer will move into a Tenleytown space where Best Buy closed its store in November.
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New York-based hedge fund Alden Global Capital has purchased hundreds of newspapers and slashed staff, reportedly to monetize their real estate holdings.
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