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Fred’s reveals impact of Thanksgiving closure
Many retailers opened on Thanksgiving this year but regional discounter Fred’s remained closed and the impact of that decision was evident when the company reported a 2.3% decline in November same store sales.
Fred’s stores were open on Thanksgiving Day last year, but the operator of 702 stores closed its stores this year which made for a challenging comparison against the prior year period.
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Brixmor makes strategic leasing hires
New York City - Brixmor Property Group announced the hiring of Chardell Steves and Jerry Teitelbaum as VPs of Strategic Leasing for the West and North regions, respectively. Both seasoned mall leasing professionals, Steves joins Brixmor from General Growth Properties and Teitelbaum joins from Taubman Centers.
