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Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls
News

Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls

... in Q4 2021 and had higher foot traffic than traditional department stores, Chuck DiGiovanna, head of real estate for Macy’s,  told ... more narrow selection than what is found at department stores. Some of the smaller stores will open in areas where Macy’s is ...

May 03, 2022
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Backer In Talks For £700M Department Store-To-Office Conversion
News

Backer In Talks For £700M Department Store-To-Office Conversion

... is advising on the deal.  The demise of London department stores is providing a rich source of potential sites for office ... developers. Four department stores on Oxford Street alone are at different stages of seeing ...

Jan 20, 2022
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Mapped: The Great Department Store Conversion Is Now On
News

Mapped: The Great Department Store Conversion Is Now On

... capital expenditure, but it can quickly pay off. Historically, department stores did not pay a huge amount of rent, and ... more of their services within town centres, and vacant department stores offer an excellent location to accommodate this. “In the ...

Jul 19, 2020
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Toys R Us Revived Ahead Of The Holidays — As Stores In Every Macy's
News

Toys R Us Revived Ahead Of The Holidays — As Stores In Every Macy's

... stores-within-a-store in every Macy’s in the United States. There are nearly 450 Macy's department ... Macy's.  The footprint of the stores may grow temporarily by 500 SF to ... draw consumers in amid a softening in department stores, and Target has gotten in the ...

Jul 19, 2022
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Saks Fifth Avenue
News

WeWork Planning Space In Saks Fifth Avenue Stores As Coworking Sees Revival

... advantage of the resurgence in interest in coworking space as department stores circle the drain. Demand for coworking space increased 41% ... to lease the top floors of some Hudson's Bay department stores, which it converted into coworking space. Later, as ...

Aug 10, 2021
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The Amazon Fresh grocery store in Franconia, Virginia.
News

Retailers Planning To Open More Stores Than They Close For First Time Since 2017, Report Finds

... hubs, The Wall Street Journal reported.  The numbers show department stores and specialty retailers are still suffering, but their ... doom and gloom for legacy fashion brands either. Department stores and specialty retailers plan to close 469 more locations ...

Nov 29, 2021
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closed store
News

10,000 Stores Doomed To Close In 2021, Coresight Projects

... which will close all of its 128 North American stores; and department store Belk, which hasn't announced closures yet. Last ... with 1,428 locations shuttered, and just below that were department stores, 1,347 of which closed. Ascena Retail Group accounted for ...

Jan 28, 2021
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CVS shoppers
News

Retailers Hiring Again, Especially Giants Like Walmart, But Also Electronics Stores

... more than 84,000 jobs month-over-month. Even department stores, whose sales and store count have been shrinking since ... added workers in August (more than 32,000), presumably as department stores that are still in business started reopening or seeing more ...

Sep 13, 2020
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Barneys New York
News

Luxe Department Store Barneys New York Staring Bankruptcy In The Face

... cutting by Lady Gaga herself. Barneys operates physical stores in New York City, Beverly Hills, Chicago, ... an online store. As a whole, department stores — even upscale ones — are having a rough ... go. Department store sales were down 4.7% ...

Jul 15, 2019
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Barneys New York
News

Barneys New York Goes Bankrupt, Closing 15 Stores

... Management, which owns Barneys’ flagship building, is the luxe department store’s top creditor, with a nearly $6M unsecured ... high rent and woes in the retail business, and for department stores in particular, as reasons for the bankruptcy and closures.  ...

Aug 06, 2019
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