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U.S. Division of L’Occitane Files for Chapter 11 Bankruptcy Protection, Plans Store Closures

New York City — The U.S. arm of beauty retailer L’Occitane en Provence has filed for Chapter 11 bankruptcy protection and announced plans to close several stores in an effort to optimize the company’s 166-location U.S. footprint.  At least 23 stores

…

  • January 29, 2021
  • Published in Company news, New York, News
Saucy-Brew-Works

Saucy Brew Works to Open Brewpub, Coffeehouse in Detroit’s Brush Park

Detroit — Saucy Brew Works will open a new brewpub and coffeehouse in Detroit’s Brush Park neighborhood. The opening is slated for March 3. The 5,700-square-foot space will be the first restaurant within Bedrock’s City Modern apartment development. Guests will enjoy

…

  • January 27, 2021
  • Published in Development, Leasing, Michigan, News
AMC

AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’

Leawood, Kan. — In effort to remain financially afloat amid the COVID-19 pandemic, AMC Entertainment Holdings Inc. (NYSE: AMC) has raised or signed commitment letters to receive $917 million of new equity and debt capital. The Leawood-based movie theater company

…

  • January 25, 2021
  • Published in Company news, Finance, Kansas, News

Indoor Dining Expected to Resume Feb. 1 in Michigan

Lansing, Mich. — The State of Michigan has continued its ban on indoor dining but is expected to lift the restriction beginning Feb. 1. Indoor dining will resume with “mitigation measures, capacity limits and a curfew,” according to the Michigan

…

  • January 14, 2021
  • Published in Michigan, News, Restaurants

Punch Bowl Social Files for Chapter 11 Bankruptcy

Denver — Punch Bowl Social has filed for voluntary Chapter 11 bankruptcy through the U.S. Bankruptcy Court for the District of Delaware. The Denver-based “eatertainment” concept has closed all but three of its locations due to the COVID-19 pandemic. The

…

  • December 23, 2020
  • Published in Colorado, Company news, Entertainment, News

Sameday Testing to Open Five COVID-19 Testing Sites at Westfield Shopping Center Locations

Los Angeles — Sameday Testing will open five new COVID-19 testing facilities within Westfield shopping centers. The locations will be at Westfield Annapolis, Westfield Montogmery and Westfield Wheaton in Maryland; The Village at Westfield Topanga in Woodland Hills, California; and

…

  • December 17, 2020
  • Published in California, Company news, Illinois, Maryland, News

Retail Sales in November Show Negative Growth for First Time Since May, Remain Higher than Last Year

Washington, D.C. — Retail sales in November declined 1.1 percent compared to October of this year, the U.S. Commerce Department reported Wednesday. The monthly decline is the first dip since April, when sales plummeted 14.7 percent due to the COVID-19

…

  • December 16, 2020
  • Published in News, Retailers, Washington DC

Outlook Management Group Partners with Local Businesses to Donate Meals to Families in Need in Milwaukee

Milwaukee — Outlook Management Group LLC’s president Ray Balfanz has partnered with Hunger Task Force of Milwaukee and other local small businesses to donate food to Milwaukee residents in need. Balfanz created the CollectionConnection to raise money for meals. The

…

  • December 14, 2020
  • Published in Company news, News, Wisconsin

Comparable Sales for Ulta Beauty Drop 8.9 Percent in Third Quarter

Bolingbrook, Ill. — Ulta Beauty Inc. has reported that its comparable sales decreased 8.9 percent compared with an increase of 3.2 percent in the third quarter of fiscal 2019. Net sales decreased 7.8 percent to $1.6 billion, compared with $1.7

…

  • December 4, 2020
  • Published in Company news, Illinois, News, Retailers

NRF Forecasts Holiday Sales to Grow up to 5.2 percent Despite COVID 19 Pandemic

Washington, D.C. — Retail consumers have shown excitement for holiday shopping this year, says Matthew Shay, president and CEO of the National Retail Federation (NRF). Because of the challenges of this year, Shay and the NRF believe people will buy

…

  • November 30, 2020
  • Published in News, Retailers, Washington DC
Older posts

Industry Content

Webinar: Will Southeast Retail Investment Activity Bounce Back in 2021?

Shopping Center Business and Southeast Real Estate Business hosted "Southeast Retail Investment Outlook — Will Retail Investment Activity Bounce Back in 2021?" A panel of retail experts covered topics like the lending atmosphere,…

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Webinar: Driving Retail Income Through Specialty Leasing & Ancillary Revenue

    On October 15 Ancillary Retail hosted a webinar titled “Driving Income Through Specialty Leasing and Ancillary Revenue.” Webinar panelists shared how important it is to quickly shift strategy, not just in relation…

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Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to…

  Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector responding to COVID-19?  hosted by Shopping Center Business and Western Real Estate Business, covers the approaches taken by an expert…

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Webinar: Michigan Retail Outlook: How is Michigan’s Retail Sector Responding to COVID-19?

  (Panelists, clockwise from top left) Adam Tiktin, Tiktin Real Estate Investment Services; Rod Castan, Courtelis Company; Lyle Stern, Koniver Stern Group; Philip Rosen, Becker (moderator); Duane Stiller, Woolbright Development. Shopping Center…

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Industry News

  • IPA Arranges $18.2 Million Sale of Publix-Anchored Market at Standing Springs in Upstate South Carolina
  • SRS Brokers Sale of Levain Bakery Property in Washington, D.C. for $8.3 Million
  • Levin Management Negotiates Four Lease Renewals for Dollar Tree in New Jersey, Pennsylvania
  • Retail REIT Kimco Realty to Acquire Weingarten Realty Investors for $3.9 Billion
  • Tabani Group Acquires 118,967-Square-Foot McKinney Marketplace in Metro Dallas

Coronavirus News

  • U.S. Division of L’Occitane Files for Chapter 11 Bankruptcy Protection, Plans Store Closures

  • Saucy Brew Works to Open Brewpub, Coffeehouse in Detroit’s Brush Park

  • AMC Theatres Raises $917 Million of Investment Capital, Says Bankruptcy is ‘Completely Off Table’

  • Indoor Dining Expected to Resume Feb. 1 in Michigan

  • Punch Bowl Social Files for Chapter 11 Bankruptcy

  • Sameday Testing to Open Five COVID-19 Testing Sites at Westfield Shopping Center Locations

Read More COVID-19 News

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