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Department Store

  • J.C. Penney heads in omnichannel direction

    Unlike many of its department store peers, The J.C. Penney Co. Inc. is not planning any major store closings. Instead, Penney CEO Marvin Ellison told Fortune that the company sees stores as an integral part of an omnichannel strategy that will include offering buy online pickup in store functionality in time for back-to-school season. [Fortune]

  • Macy's springs into action with flower show

    Macy’s is ushering in the spring promotional season by celebrating America'as vast and varied landscapes at the 2016 Macy’s Flower Show.

    The show will sprout to life at five Macy’s downtown store locations nationwide, including Herald Square in New York City, Center City in Philadelphia, State Street in Chicago, Downtown Minneapolis and Union Square in San Francisco.

  • MACY’S LEAVES NO ITEM BEHIND

    Macy’s is supporting a new omnichannel order fulfillment program called “Pick to the Last Unit” (P2LU) with Tyco’s TrueVUE RFID inventory visibility platform.

  • TENANT TREND #3: ATHLEISURE

    Lululemon athletica and Athleta, a subsidiary of Gap Inc., are not new concepts. But they are part of one of fashion’s hottest trends: “athleisure.”

    Specializing in trendy activewear designed for the gym and beyond, athleisure concepts are finding their way into all kinds of shopping destinations — giving lululemon and Athleta increasing competition. Here’s a rundown of some other retailers currently in the game:

  • Taubman and Macerich complete purchase of Country Club Plaza

    Kansas City -- Taubman Centers and The Macerich Company announced a joint venture for Country Club Plaza location in Kansas City, Missouri from Highwoods Properties. The mixed-use retail and office property was purchased for $660 million cash, excluding transaction costs. Taubman and Macerich each own a 50% interest in the center.

  • Stores Still Matter (A Lot)

    It wasn’t all that long ago that the industry was embroiled in the “bricks versus clicks” debate. On one side were the traditionalists, who were sure that online shopping would never really catch on (much less ever occur on a phone). On the other side were the true believers, who had stores going the way of the dinosaur in no time flat.

  • TENANT TREND #1: FOOD, FOOD AND MORE FOOD

    If you’re after a hot tenant, look no further than food.

    From food trucks to high-end restaurants and everything in between, dining has never been more essential to the shopping center experience. “E-commerce has made it more important for retail centers to enhance the experience,” said Terry Montesi, CEO, Trademark Property Co. “And food works great with retail.”

  • Retail bankruptcies and the circle of life

    The last several years have seen numerous chapter 11 bankruptcies with the most recent being The Sport Authority. It may seem counterintuitive, but bankruptcies are a sign of vibrant industry and give rise to new opportunities for those who know where to look.

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