Madison International Realty has appointed Ehud Kupperman to oversee the 2 million-plus sq. ft. of tourist-based retail property it acquired from Forest City Realty Trust in New York City.
Ascena Retail Group has completed the $540 million sale of Ann Taylor, Loft, Lane Bryant and Lou & Grey to Premium Apparel LLC, an affiliate of private equity firm Sycamore Partners.
A focus on smaller local stores, more acquisitions of retail companies by non-traditional buyers and an increased focus on wellness are among the top industry predictions for the coming year.
Will online sales of consumer products will stay around 40% after the pandemic’s over? Not likely, according to Katie Thomas, leader of the Kearney Consumer Institute.
From trying a new shopping method to shopping at a different retailer, consumers have been shopping differently in response to COVID-19, and many plan to continue even after the pandemic.
