Bed Bath & Beyond to Close 200 Stores Over Next Two Years Following 49 Percent Decline in Sales Due to…
Union, N.J. — Bed Bath & Beyond (NASDAQ: BBBY) plans to close 200 stores over the next two years. The Union-based company made the announcement during its earnings statement for its fiscal first quarter, which runs from March through May. The report shows sales plummeted in…
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Pain Felt in Charlotte Retail Sector, But Phased Reopenings Give…
The COVID-19 outbreak had a tremendous impact on retail across the country, and Charlotte was no exception. As stores were forced to close, business owners had to devise creative ways…
Time to Network: Progressive Real Estate Partners’ Umansky Begins Term…
California Centers, a sister publication of Shopping Center Business, recently spoke with Brad Umansky, president of Rancho Cucamonga-based Progressive Real Estate Partners and the newly appointed president of the Retail…
Reimagined Milwaukee Retail Scene Meets Consumer Lifestyle Needs
By Ray Balfanz, Outlook Management Group What does Milwaukee bring to mind? Beer? Cheese? TV’s “Happy Days"? Perhaps the city chosen as the site for the 2020 Democratic National Convention? Yes, that’s…
Retailers, Landlords Adjust Business Models, Leasing Practices Amid Pandemic
The impact of COVID-19 has forced retailers, restaurants and service providers in the Northeast to improve their digital channels and adapt social distancing policies to continue serving customers. With retailers…
The April 1 Rent Payment Conundrum
It seems that the hottest topic of conversation over the past few days is what to do when a tenant’s business is adversely affected by “the virus.” Based upon conversations…
From the Magazine
Shopping Center Owners, Retailers Seek Middle Ground Solutions for Rent Relief During Pandemic
In the early onset of the COVID-19 pandemic, retail was an almost immediate victim as governors and mayors across the country issued stay-at-home/shelter-in-place directives, forcing many retailers to close their…
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