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Corporate Governance

  • Five Items a Retailer Should Have in its Lease

    Changes in the retail landscape call for changes in lease agreements, as well

    With long-time anchors leaving malls, urgent care clinics moving into neighborhood centers, and online sellers applying pressure from all sides, retailers should take a new approach in structuring their lease agreements with property owners, say experts from both sides of the negotiations table.

  • Kimco makes two senior appointments

    Ross Cooper (left) and David Jamieson (right).

  • Decoding the Code

    Newest ASHRAE standard reduces LPD allowances

    The ANSI/ASHRAE/IES 90.1 energy standard provides a model energy code to jurisdictions interested in regulating the energy-efficient design of commercial buildings. ASHRAE recently published the 2016 version, which supersedes the 2013 version.

    The U.S. Department of Energy recognizes the 2013 version as the national energy reference standard. Starting in October 2016, all states were required to have an energy code in place at least as stringent as 90.1-2013 or justify why they could not comply.

  • Analysis: Target needs to balance online growth with store growth

    The holidays did not bring much cheer for Target, which saw both sales and profit decline during the golden quarter. Worryingly, comparable sales fell at an accelerated pace, ending up at their most negative point for of the fiscal year. The one bit of sparkle in an otherwise dreary set of figures came from digital where sales grew by a stellar 34%, a pace of expansion well above online growth in the whole U.S. market.  

  • Target misses bullseye in Q4 as profit, sales fall; gives weak 2017 outlook

    Strong online sales were not enough to help Target Corp. overcome a very disappointing fourth quarter, whose sales and earnings were far below Wall Street expectations. And the discounter offered a weak outlook for 2017.   Target on Tuesday issued a full-year profit forecast that was far below market expectations, and said it plans to invest more money into enhancing its digital online platform and cutting prices. The chain said it would sacrifice gross margins this year to stay ahead of the competition.  

  • NRF takes its case against border adjustment tax to the public

  • Spotlight on New Formats

    Two big retail names, Dollar General and Abercrombie & Fitch, recently unveiled new store formats that differ dramatically from their traditional concepts. Here’s a look at their new initiatives:


    Dollar General

    One of the nation’s fastest-growing retailers is putting the focus on convenience, targeting a new demographic with a smaller-store concept called DGX.

    Dollar General debuted the new format, which has 3,400 sq. ft. of selling space, in Nashville, Tenn. A second location is set to open in Raleigh, N.C.

  • Starbucks to use new upscale format to make Italian debut

    Starbucks Coffee Company will open for business in Italy for the first time in late 2018.   The coffee giant plans to open a 25,500-sq.-ft. Reserve Roastery outpost in late 2018 in Milan, in the historic, turn-of-the-century post office building in the city’s center. The Milan Reserve Roastery will be the first Starbucks Roastery to open in the Europe, Middle East and Africa region, and the fifth, globally. It is the first of additional Starbucks stores the company plans to open in Italy.   
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