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Corporate Governance

  • PREIT gets proactive in replacing Sears stores

    PREIT CEO Joseph Coradino is pursuing a take-charge course in dealing with department store attrition, announcing that his company is actively pursuing replacements for three Sears anchors he expects to close in 2017.   
  • Sears sells top brand, closing more stores

    Sears Holdings Corp. is seeking to stop its bleeding and raise more cash by closing another 104 stores and selling its iconic Craftsman tools brand.   The struggling retailer said it has reached an agreement to sell Craftsman to Stanley Black & Decker for a net present value of about $900 million, including future royalty payments. Sears, which will continue to sell Craftsman products, had put the brand, along with its Kenmore and DieHard brands, up for sale several months ago.   
  • Macy’s details store closings, restructuring amid poor holiday sales

    Macy’s gave more information about its previously announced store closing plans as it unveiled a series of actions to streamline its store portfolio, intensify cost efficiency efforts and execute its real estate strategy.   
  • The 25 people shaping retail’s future are…

    A 12-year-old CEO is among the 25 individuals named to the National Retail Foundation’s 2017 List of People Shaping Retail’s Future.    Mikaila Ulmer, founder and CEO of Me & The Bees Lemonade http://gala.nrf.com/the-list-2017#MIKAILA-ULMER, is the youngest of the list’s honorees, all of whom will be recognized at the NRF Foundation Gala on January 15 during the NRF Big Show in New York City.  
  • Finding a New Outlet

    New retailers and new consumers (read: millennials) are discovering value retail, and that means more outlet centers in more locales in more different configurations.

  • Expanding North

    DLC Management Corp.’s grocery-anchored shopping centers can be found in places such as Dallas; Milwaukee; Columbus, Ohio; and Birmingham, Ala.; but the company has a special stake in the Northeast. In October, DLC closed the biggest deal in its history, acquiring a passel of 16 centers, all but one of them in New York state. Chain Store Age Real Estate Editor Al Urbanski talked with DLC CEO Adam Ifshin and asked him what retailers need to know about the Northeast market.

  • ON THE LEVEL with Al Urbanski

    Oculus Populi: The mall at the center of the World Trade Center

  • Five Design Ideas for Safety

    There is little doubt the public’s fear about safety has been heightened. In fact, the news these days is saturated with danger signals. Some people feel the threat of public spaces more acutely than others.

    Having been trapped in a building two blocks from ground zero on 9/11, I myself have become hyperaware. I’ve devoted a lot of thought to how we can make shoppers feel more secure in the spaces we design so that they will be drawn to a store, be comfortable staying, and finally, lose themselves in the experience and want to return another day.

  • Spotlight on Lighting

    LEDs, wireless controls are key to the future of retail lighting solutions

    Lighting is fundamental to any retail store, whether for setting a scene and influencing how a brand is perceived or even encouraging shoppers to make a particular purchase. However, if not managed correctly, it can be extremely expensive. In fact, lighting accounts for around 53% of all electricity consumption in a typical retail outlet, according to the U.S. Energy Information Administration.

  • Target Exercises Flexibility

    Target Corp. is thinking out of the box in urban and other select areas.

    The retailer’s flexible format store is designed to allow it to open in locations — ranging from downtown areas to college neighborhoods — that can’t accommodate a big-box footprint. The stores, which also serve as convenient pick-up destinations for online orders, run the gamut in size depending on their location. But most seem to average from about 20,000 to 40,000 sq. ft. The smallest, at 12,000 sq. ft., is in Berkely, Calif.

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