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Welput development
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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Macy’s Hits Fast Forward On Small-Format Store Plans, Aims To Open 30 New Stores
News

Macy’s Hits Fast Forward On Small-Format Store Plans, Aims To Open 30 New Stores

Macy’s built its iconic brand with giant department stores anchoring some of the nation's premier retail centers, but ... describes as a “premier digital experience.” “Our small-format stores are efficient to operate, provide the customer with a shopping ...

Oct 03, 2023
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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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One Wall Street Extension
News

French Luxury Department Store Opening First U.S. Store At One Wall Street

French luxury department store Printemps is opening its first U.S. store on ... Ralph Lauren run their North America operations, will oversee the department store’s launch as CEO of Printemps America. One Wall ...

Sep 08, 2022
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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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Sally Beauty Closing 350 Stores Next Month
News

Sally Beauty Closing 350 Stores Next Month

... in expenses next year. The company, which operates 4,500 stores in North America and 5,000 worldwide, took a $ ... partnered with Target in February for 250 locations inside the department stores. Beyond the beauty category, retail spending overall has stayed ...

Nov 16, 2022
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A former Bed Bath & Beyond store in Columbus, Ohio that now sits vacant after it closed in late 2020.
News

Bed Bath & Beyond, With 950 Stores Nationwide, Facing Bankruptcy

... up this year, UBS analyst Jay Sole predicts, with department stores facing an especially rough year, while discounters will fare much ... . The company also operates a number of buybuy Baby stores, and stores under the names Harmon, Harmon Face Values and Face ...

Jan 05, 2023
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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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