Wednesday, December 23, 2020

Vaccine releases boost retail REIT stocks

The release of two vaccines against COVID-19 turned out to be the best Christmas present for retail real estate investment trusts. . . more

Mango in deal with Simon to jumpstart U.S. expansion

A Spanish fashion giant is looking to grow its U.S. presence starting in early 2021. . . . more

Sportsman’s Warehouse to be acquired by owner of Bass Pro Shops, Cabela’s

Great American Outdoors Group is adding another retail banner to its portfolio. . . more

Monday, December 21, 2020

Bankruptcy alum Rue21 plans to open 15 new stores

Retail Dive
Rue21 plans to open 15 new brick-and-mortar stores starting in January, a little more than three years after emerging from bankruptcy. . . more

Unusual Start to Holidays Evident in New Data

Retail Leader
Retail sales in November were better than last year, but not as good as last month, according to U.S. Census Bureau data, that highlights an unusual seasonal sales cadence caused by COVID-19 and a pull forward of demand due to online promotions in October. . . . more

Rebag debuts ‘micro’ store concept

Rebag is capitalizing on the resale boom with a new, flexible store format. . . . more

Friday, December 18, 2020

Rue21 continues growth plan, refinances with Bank of America

Plain Vanilla Shell
Warrendale, Pennsylvania-based retailer Rue21 has refinanced its existing term loan, increased its available liquidity and lowered its cost of capital. . . . more

Thursday, December 17, 2020

Rue 21 in deal to retire debt, extend credit agreement

Rue 21 has a new capital structure as its looks to accelerate its digital transformation and also open new stores. . . more

Tuesday, December 15, 2020

New Malls for a New Reality

Shopping malls have been an important part of people’s lives for decades.  . . more

Monday, December 14, 2020

'Trouble brewing' for malls, including Brookfield and Simon: S&P Global

Retail Dive
The bankruptcy filings last month by mall developers CBL Properties and Pennsylvania Real Estate Investment Trust shocked very few observers, considering their struggles even before the pandemic curtailed indoor shopping. They were widely seen as among the most vulnerable mall landlords, without the financial wherewithal, or the property quality, of the likes of Simon Property Group and Brookfield. . . more 

Wednesday, December 9, 2020

Foot Locker takes poison pill

Foot Locker Inc. has adopted a short-term shareholder rights plan after a private equity firm controlled by a Czech billionaire upped his stake.. . . more

Tuesday, December 8, 2020

Francesca’s to close 97 more stores

Francesca’s Holdings Corp. is planning to close more stores on top of the 137 locations it closed prior to filing for bankruptcy. . . . more

CBL opens 1.4 million sq. ft. of new retail in emergence from Chapter 11

Through the pandemic and a Chapter 11 restructuring, one of the nation’s largest owners of regional malls reports that it put tenants in 1.4 million sq. ft. of newly leased space as it attempts to transform its portfolio into suburban town centers. . . more

Monday, December 7, 2020

J.C. Penney exits Chapter 11

J.C. Penney has turned the page and opened a new chapter in its 118-year history. . . . more

Francesca's files Chapter 11 with plans to sell company

Francesca’s Holdings Corp. has filed for filed for Chapter 11 bankruptcy protection, the latest apparel retailer whose business has been undone amid the pandemic.. . . more

Wednesday, December 2, 2020

J.C Penney to unveil new beauty concept

The news that Sephora plans to open hundreds of in-store shops at Kohl’s stores has brought a reaction from its longstanding retail partner, J.C. Penney. . . . more

Tuesday, December 1, 2020

As JCPenney exits bankruptcy, its long-term outlook remains grim

CNN Business
JCPenney has survived to see its 119th holiday shopping season. How many more it has ahead of it is tough to say. . . . more