By Mitchell Parton As retailers push into new cities and brands lean hard into brick-and-mortar as a strategy, it has become incredibly difficult to find space for a new storefront. Financing constraints due to elevated interest rates as well as zoning and infrastructure restrictions in some jurisdictions have limited construction of retail developments, limiting the amount of space on the […]
By Grant Welker The Street shopping center in Chestnut Hill will open a 90,000 square-foot addition on Thursday with what’ll eventually be more than 25 retailers. Among the brands are the newly announced jewelry store Mejuri and the clothing retailer Todd Snyder. They’ll join previously named tenants opening Thursday that includes the activewear companies Alo Yoga […]
By Ben Casselman The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too. Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year, the Commerce Department said on Thursday. That was […]
By Eliza Ronalds-Hannon, Janine Phakdeetham, and Claire Boston Express Inc., the clothing retailer that’s a staple in US malls, filed for bankruptcy with plans to sell itself. The company received an offer from brand manager WHP Global and mall landlords Simon Property Group Inc. and Brookfield Properties to purchase the company’s operations and most of its stores, according to a statement on Monday. […]
By Grant Welker Somerville’s Assembly Row will soon welcome a second location of Davis Square favorite Posto, a new concept from the group behind Papagayo and Civility Social House, and a fifth location of Amelia’s Taqueria. Posto will open a nearly 6,000-square-foot space with a full-service dining room, cafe and take-out market at the recently closed FRANK in […]
By Aaron Pressman Amazon unveiled its largest facility in Massachusetts on Monday, a staggering five-story warehouse in North Andover with almost 4 million square feet of space to hold everything from books and DVDs to cans of soup. The fulfillment center on the site of a former telephone company factory cost about $400 million to […]
By Edward F. Pierzak Retail REITs own and manage retail real estate and rent space in those properties to tenants. Properties can include large regional malls, outlet centers, grocery-anchored shopping centers, and power centers that feature big box retailers. Despite the considerable gains in e-commerce sales and its expected strong growth, retailers have increasingly appreciated […]
By Grant Welker Craft Food Halls will open its 10th Boston area location later this month at Studio Allston Hotel, joining others in Dorchester, Lexington, Marlborough, Waltham and Wellesley. The latest Craft Food Halls will open March 21, with nearly 8,000 square feet of indoor and outdoor space. It will include events, live music and events, […]
By Marian Zboraj Sprouts Farmers Market Inc. has high expectations for 2024. Amid the release of its impressive results for its fourth quarter and fiscal year ending Dec. 31, results, the specialty grocer released its outlook for the year. The outlook includes net sales growth of 5.5% to 7.5%, comparable-store sales growth of 1.5% to […]
By Trefor Moss Many malls are struggling but IKEA is betting it can breathe new life into the troubled format. Ingka Group, the operator of most of the world’s IKEA stores, has assembled its own mall empire in recent years, spanning from China to Europe to the U.S., and says it wants to buy more locations […]
