April News Roundup (4/16)
Apr 15, 2009
Same-store sales in March fell 2.1 percent according to ICSC. Retail Forward, meanwhile, reported same-store sales were down 0.8 percent...
How the Mighty Have Fallen (3/26)
Mar 26, 2009, By Beth Karlin
It turns out the rich are not that different from you and me, at least when it comes to shopping in a recession...
New California Project Bucks the Odds and Attracts Retailer Interest (3/18)
Mar 18, 2009, Lauren Shepherd
Even as most retailers are cutting back on new development, one new project has seemingly piqued the interest of a growing list of retailers...
Preemptive Surgery
Mar 1, 2009, By Denise Kalette
As major retailers file for bankruptcy and vacate stores, a domino effect is taking hold across the country...
A Stimulating Experience (2/19)
Feb 19, 2009, By Riccardo A. Davis
The recession and slowdown in consumer spending has hit every corner of the retail sector—including temporary tenants...
Luxury Slide Could Spur Closings, Consolidation (1/20)
Jan 20, 2009
Last week’s announcement by Saks Fifth Avenue that it plans to cut 9 percent of its workforce as a result of slumping economic conditions could portend things to come for the luxury retail sector...
As Retail Sales Dip, So Do Rents (1/14)
Jan 14, 2009, By Sibley Fleming
The 2.7% decline in U.S. retail sales in December will force shopping center owners to offer more rent concessions in order to retain and attract retailers, says Suzanne Mulvee, real estate strategist for Property Portfolio & Research (PPR) based in Boston....
Circuit City’s Failed Auction Indicates Developing Excess Space Glut (12/23)
Dec 23, 2008
Circuit City’s decision last week to cancel a planned auction of 154 leases due to lack of bidders could be another troublesome milestone for the rapidly deteriorating retail real estate industry....
Double Trouble
Dec 1, 2008, By Elaine Misonzhnik
Circuit City's announcement last month that it was closing 155 stores, or 21 percent of its 721 U.S. locations, and planning to start lease renegotiations...
Bargain Hunting in Manhattan
Dec 1, 2008, By Marc Hequet
Despite dire forecasts that New Yorkers will reign in their spending for everything but the basics, Spanish retailer Zara is forging ahead with opening a store on Manhattan's Upper West Side....
