Real Estate

Retailers: Embrace Logistics to Win in the E-Commerce Era
Retail has been evolving for years now, but mass shutdowns of brick-and-mortar retail locations brought about by COVID-19 has accelerated the process and driven more consumers to online shopping.
Tropical Smoothie Café in store milestone
The pandemic has proved no match for Tropical Smoothie Café’s expansion.

Ascena Retail selling Ann Taylor, Loft and other brands for $540 million

Ascena Retail Group has entered into a deal that will greatly boost Sycamore Partners’ retail portfolio.
Foot Locker expands ‘power store’ concept to Canada

Foot Locker is adding two new locations for its community-based “power” store format.
In Mass., mall to be replaced by distribution center

Greendale Mall in Worcester could serve as the poster child for COVID-19’s acceleration of online shopping and demand for merchandise fulfillment services.
Abercrombie to close more flagships; posts better-than-expected Q3

Abercrombie & Fitch easily topped Wall Street estimates for quarterly sales and earnings amid cost controls and strong online demand.
Walmart Health expands to Illinois; Florida is next

Walmart Inc. has brought its freestanding health care format to Chicago.
Brick+Click opens DTC showrooms in two major Westfield malls

Unibail Rodamco Westfield has opened another Brik + Clik showroom at Westfield World Trade Center in New York.
First Look: Ugg opens New York flagship; more to come

Ugg is selling more than its iconic footwear these days.
Foot Locker smashes profit, sales estimates; temporary store closures resume

Foot Locker Inc. delivered strong top- and bottom-line growth in the third quarter with profit and same-store sales blew past expectations.
Saladworks plans for more West Coast development

Saladworks is “laser-focused” on expanding in the California market.
Rockefeller Center intros six-month lease deals for retailers

Real estate researcher CoStar this week reported that sublease space in the second quarter reached 157 million sq. ft. or 1.7% of the total office inventory.