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Report debunks retail apocalypse: More stores opening than closing
Don't believe the hype — physical retail is still growing, particularly in three key segments. Retailers are opening 4,080 more stores in 2017 than they are closing, according to a new research report from IHL Group, and they plan to open over 5,500 more in 2018. Mass-merchandisers, including off-pricers and value chains, are the fastest-growing retail segment (+1,905 stores), followed by convenience stores (+1,700 stores) and grocery retailers (+674 stores). -
VEREIT acquires Kansas center
VEREIT’s Cole Credit Property trust has acquired a thriving, value-oriented Wichita-area center. The 100,000-sq.-ft. Derby Marketplace in Derby, Kansas, features Ross Dress for Less, TJ Maxx, and Hobby Lobby. It is shadow-anchored by Target and Dillons Marketplace. Mid-America Real Estate brokered the sale in cooperation with RH Johnson on behalf of the seller, a private developer.

