Mass Merchant

San Antonio’s The Rim, at 1.6 million sq. ft the largest power center in Texas, has been sold by the Hines Global REIT Liquidating Trust for an undisclosed sum.

Gap Inc. is resuming the share buybacks that it had suspended in March 2020 at the outset of the pandemic.

Kohl’s Corp. has moved ahead with its plan to expand its board of directors. 

Even as temporary store closures due to the pandemic cut down on total retail theft incidents and losses, thieves stole more per incident. 

A British private equity firm is making another U.S. acquisition.

Consumer confidence about shopping in stores is on the rise.

PREIT CEO Joe Coradino has a “winner-take-all” theory that lesser malls will close in most markets and better malls will capture their customers and flourish.

New policies regarding the return to work, reopening of schools for in-person learning and the resurgence of travel will have enormous implications for the retail industry.