Daphne Howland Senior Reporter Dive Brief: Dive Insight: Founded in 1971, Bed Bath & Beyond is one of the original “category killers” — retailers that took advantage of department stores’ declining appeal to establish specialty stores offering discount prices. The home goods company went public in 1992 and its revenues surpassed $1 billion by 1999, per its court […]
The consumer roared back last month with a 3% increase in retail spending that was the largest monthly gain in nearly two years, adding to evidence that U.S. economic growth picked up at the start of the year. The seasonally adjusted jump in U.S. retail sales in January from December, which the Commerce Department reported on Wednesday, […]
Scott Souza,Patch Staff Posted Tue, Jan 24, 2023 at 12:18 pm ET PEABODY, MA — A final phase of construction and redevelopment will usher in more high-profile dining and retail operators at the Northshore Mall in 2023. Simon Property Group, which operates the shopping center, said Phase 2 of The Promenade redevelopment has begun with Arhuas, […]
Bricks-and-mortar store owners are emerging from the pandemic with surprising strength, posting some of their best numbers in years and plotting expansions as more Americans venture out to buy things again. U.S. retail vacancy fell to 6.1% in the second quarter, the lowest level in at least 15 years, while asking rents for U.S. shopping centers in the […]
Neighborhood and strip malls saw the highest rent growth in the second quarter, according to JLL’s latest report. Despite inflation headwinds that have presented challenges for shoppers, decreasing spending power and consumer confidence, JLL’s Q2 2022 Retail Outlook finds that retail fundamentals are solid, with net absorption remaining positive for six straight quarters, leasing hitting its highest number […]
It has been a brutal half-decade for retail owners amid record-breaking retailer bankruptcies and a pandemic that brought in-person shopping to a temporary halt. But the fundamentals of retail real estate are looking better now that at any point in over a decade, according to a new report. Retail availability nationwide is at its lowest […]
JLL has arranged a $230-million construction loan for the development of 15 McGrath Highway, a speculative life sciences development totaling 262,000 square feet in Somerville, MA. Brett Paulsrud, Henry Schaffer and Mike Shepard of JLL represented DLJ Real Estate Capital Partners, Leggat McCall Properties and Deutsche Finance America to secure the non-recourse construction loan with Oxford Properties Group. “Greater Boston continues […]
By Ben Unglesbee via Retail Dive Dive Brief: The share of small retail businesses that couldn’t make rent rose to 34% in April, up six percentage points from February, according to survey data from Alignable. Those surveyed cited inflation, including gas price spikes, supply chain issues, labor shortages, reduced revenues and increasing rent. Of those […]
by Jenn Elliot / via WealthManagement.com Retail properties of all types, from grocery-anchored centers to enclosed super regional malls, have experienced a burst of leasing activity over the past 12 to 18 months. And even the most pessimistic real estate experts contend that the deal flow reflects the retail industry’s recovery. Preliminary data for the […]
by Maile McCann / via modernretail.co Apparel brands and retailers are investing in high-tech fitting rooms in their brick-and-mortar stores. 2021 was the year of the virtual fitting room: Walmart, Shopify, Amazon and Snap all invested in augmented or virtual reality tech to help customers visualize what clothes might look like on, as the pandemic kept them […]
