Stores
Carter’s is closing 150 locations to boost profits as it waits for industry-wide price hikes
The children’s apparel outlet is struggling to generate profits, and closing low-margin stores is how it plans to cut costs.
Store Economics
Coverage of store-level profitability, occupancy costs, and unit economics. Essential reading for retail finance and real estate professionals managing store P&Ls.
Stores
Red Lobster’s endless shrimp could be a red herring
Many blame the shrimp promotion for the chain’s bankruptcy, but it floundered in other ways, too.
Stores
San Francisco retail is struggling, but one developer believes all hope is not lost
At the end of Q4 2023, the San Francisco office market vacancy rate hit an all-time high, according to CBRE.
Stores
Simon Property Group reports drop in retailer sales per square foot
The biggest mall owner in the US reported a sales decline but is still optimistic about the industry.
Stores
Macy’s is now an M&A target valued at nearly $6 billion
Macy’s stock jumped 21% after news broke of an acquisition offer.
Stores
Target’s store closures seem to highlight challenges of small-format model
In 2023, the retailer closed at least 13 stores, the majority of which were smaller stores in urban areas that had opened in the past five years.
Stores
Macy’s expands its off-price Backstage shop-in-shops, but is it a good use of space?
Backstage departments will occupy anywhere from 11,000 to 16,000 square feet per store.
Retail news that keeps industry pros in the know
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