Walmart officially confirmed it is reducing its Sam’s Club real estate portfolio.
2017 has been a huge year for the retail industry. Some of the largest deals set to dictate the direction of various sectors over the next year were made, while giants no-one expected to see falter struggled to keep their heads above water. STEINHOFF’S ACCOUNTING SCANDAL It seems a large portion of this year’s big news was saved until the end of the year.
Leading real estate services firm Jones Lang LaSalle will announce a new strategy at its first “Investor Day” in New York today.
In a move to maximize its real estate holdings, the company recently raised $23 million by selling two Lord & Taylor leases, including one in Skokie, IL.
The company seems to be hobbled by its focus on real estate investments, but executives say that holiday sales will help strengthen results.
Macy’s sales may be declining, but not the value of its massive real estate holdings, according to the New York Times.
Harrys of London’s chief executive Steven Newey has left his role at the helm of the company just months after it was bought by an American investor.
Department stores have too much real estate, shared work spaces need more. Enter Lord & Taylor and WeWork.
Marianne Wilson Sprouts Farmers Market is in expansion mode. read more
Polish fashion retailer Reserved is eyeing further large format stores in the UK after the “huge success” of its recent debut 32,000sq ft debut on Oxford Street. Reserved has hired retail property advisors Harper Dennis Hobbs (HDH) to advise them on further expansion ambitions in the UK