The amount of occupied retail real estate in 77 major U.S. metropolitan areas dropped by 3.8 million square feet in the second quarter, the largest decline since 2009, according to a report by researcher Reis Inc.
The cosmetics brand, acquired by Macy’s for $210 million in 2015, will open about 60 new standalone stores through 2019 -- maintaining the chain’s pace of expansion.
Many are in testing stages, trying to find the right size in the right market as they compete in a crowded sector.
Same-store sales, a key metric for retail growth, declined in two of the past three years, with only 2017 eking out a gain of 0.8 percent.
We take a glance at the firms that topped our annual ranking of retail real estate owners.
Jerry Storch, a former chief executive officer of the defunct toy chain, has been working with multiple investors on a plan to reboot the retailer in the U.S.
The Minnesota State Board of Investment decided last week to temporarily halt future commitments to KKR as it reviews the investment.