CSA
The release of two vaccines against COVID-19 turned out to be the best Christmas present for retail real estate investment trusts. . . more
Wednesday, December 23, 2020
Vaccine releases boost retail REIT stocks
Mango in deal with Simon to jumpstart U.S. expansion
CSA
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
CSA
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
CSA
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
CSA
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
CSA
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
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
CSA
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
CSA
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
CSA
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
CSA
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
CSA
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
CSA
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