Macy's To Add 60 Stand-Alone Stores For Cosmetics Retailer Bluemercury
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.
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.
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.
Mall vacancies were driven upward by store closings in Q3.
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.
Lerner is looking to sell the 80-acre former mall site that was once a finalist for the FBI headquarters.
Landlords including Lerner, Brookfield, Seritage Growth Properties and Howard Hughes have varying plans to replace closed D.C.-area department stores.
Howard Hughes Corp. now controls the entire the Landmark Mall property, with only the Sears remaining open.
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.
The retailer will move into a Tenleytown space where Best Buy closed its store in November.
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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