Jun 30

Despite the flood of store closings in recent years and the growth of online shopping, many retailers are looking to add brick-and-mortar locations.While store closings more than tripled last year to a record 7,000, that number was partly offset by 3,400 store opening announcements, a 50% surge, according to Coresight Research, a retail think tank. In 2018 there have been 4,100 store closing announcements and 1,900 planned store openings.

Source: Which retailers will be moving into all those empty Toys ‘R’ Us stores?

May 21

Their real issue is that they are improving the value of property owned by others (i.e. their landlords) at the expense of their investors. This should be a huge red flag for everyone but the landlords.

Source: WeWork Owes $18 Billion in Leases? – Alexander Muse – Medium

May 01

Yet look at the wealth. Even in its current (kinda sad) state, the nine blocks of the core downtown still produce 287% more property tax than the entire mall property. And that’s before the Herberger’s goes away, before there is a big hole in a building with no obvious way to fill it.Imagine the wealth we would have if we hadn’t destroyed our downtown — if we hadn’t walked away from the wealth our ancestors had built and disinvested from our core, if we hadn’t been seduced by the shiny and new…

Source: The Real Reason Your Local Mall is Failing — Strong Towns

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