Mass Merchant

Mississauga, Canada – Target Corp.’s exit from Canada is reportedly not turning out as smoothly as the retailer had hoped. According to the Toronto Globe and Mail, Target is returning 55 leases it could not find a bidder for to their landlords.

Target is also returning 19 leases for office and warehouse space in Canada. The company operated a total of 133 stores in Canada; meaning about 40% of the store leases did not attract bidders.

Every business magazine sports an “X Under 40” list celebrating precocious professionals. But, really, isn’t it almost always youthful drive and optimism that feeds the engine of progress?

The stories of Chain Store Age’s 2017 list of over-achievers under 40 abound with examples of young people from different disciplines who all discovered retail real estate as the perfect channel for their passions.

London - Online retailing pioneer Amazon Inc. has climbed to the top of the retail social media ranks, thanks in part to the introduction of #AmazonBasket. According to the latest Retail Social Media Benchmark results from eDigitalResearch, since the introduction of the new social media shopping functionality, Amazon has added 700,000 new followers to its U.K. Twitter account in the past six months, bumping them up to second overall, just behind leaders Topshop.

The way retailers light their stores is experiencing a major transformation as more and more retailers adopt LED lighting solutions. The experts at PowerSecure Lighting (powersecurelighting.com) spoke with Chain Store Age about LED lighting trends and LED retrofits.

What is the biggest trend you are seeing in retail lighting?

The shift to LED lighting.

Gaining market share and geographic coverage are top priorities driving deals

Retail continues to rally for deals in 2015, and the sector could be on the cusp of another major year for mergers and acquisitions. Already this year, we’ve seen speculation about a number of potentially massive deals — from a possible buyout of Rite Aid by Walgreens Boots Alliance to the proposed merger between Staples and Office Depot. Looking across the industry, as part of BDO’s annual Retail Compass Survey of CFOs, we asked chief financial officers at leading U.S.

Another opening in 2014 made plenty of headlines. Azalea Regional Shopping Center, opened in August by PrimeStor Development in South Gate, California, houses the new branded concept by Forever 21: F21 red, which offers an increased depth of product at a significantly lower price point. The Azalea store, which opened in May, was the brand’s debut; three other F21 red stores have since opened in New York and Minnesota.

Azalea Regional Shopping Center has plenty to shout about on its own. The 32-acre, Los Angeles County-area project grew out of a vacant site and delivers 400,000 sq.

Phoenix – Local communities in Arizona reportedly can no longer ban plastic bags. According to the Associated Press, the Arizona state legislature has voted to make it illegal for cities and town to forbid the use of plastic bags, as well as Styrofoam containers or other disposable products, within their limits.

The state law also restricts local communities from requiring businesses to report energy usage.

Data drives efficient retail real estate decision-making

Making the right decisions with the right data is obviously something retailers strive to do in all areas of their business. However, when it comes to real estate, “getting it right” is even more critical.