DEVELOPMENT/REDEVELOPMENT

Godiva is planning to exit the brick-and-mortar retail business.

Francesca’s has won court approval to sell itself to an affiliate of TerraMar Capital and Tiger Capital.

As e-commerce has accelerated, so had the demand for warehouse space. According to a report from CBRE, nearly 14 million square feet of big-box retail space in the U.S. has been converted to industrial space.

“Boston’s like a ghost town, and it was always hustle-bustle,” said Mike Powers, senior VP of Tuscan Village. “It’ll come back, but it’s a wakeup call to the real estate market that things had gotten out of hand.”

Convenience store operator Wawa continues to test new store formats with the unveiling of its first-ever drive-thru only location. 

Another restaurant chain is emphasizing its drive-thru business.

Walmart manages temperature, operating functions and energy use in stores using a network of connected Internet of Things (IoT) devices.

Conn's has its sight set on Florida.