Walgreens Boots Alliance reported second-quarter sales that missed Street expectations amid a weak cold and flu season in the U.S. and reduced foot traffic in the U.K.
Macerich has sold 95% of its interest in the Paradise Valley Mall in Phoenix and will retain 5% to work on its town center redevelopment with PV RE Devco in a partnership called RED Development.
Gone are the days when retailers could rely solely on cookie-cutter store designs and conventional business operations to expand their store portfolios.