Westside Macy's Sells To GPI Properties
32-year-old Macy's storefront at Westside Pavilion sold for about $50M
32-year-old Macy's storefront at Westside Pavilion sold for about $50M
Things are not looking up for Westside Pavilion.
Westfield's $300M PropTech spinoff has massive ambitions.
Taco Bell is joining the nationwide trend of shrinking stores by announcing a rollout of 300 smaller, urban format locations.
Toys R Us and Bon-Ton are eyeing paths back from the dead, and Walmart and Nordstrom are taking baby steps in an entirely new direction.
Retail hits tipping point as e-commerce becomes a pandemic priority in the era of isolation.
Uncertainty over macroeconomic conditions, plus the resumption of student loan repayments, could have a knock-on effect for retail.
There are too many stores and not enough demand to justify them, UBS said in a recent retail report.
Colliers International's Bob Mulhern and Pete O'Neil Do a Little Prognosticating on Phoenix Retail and Hiring.
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