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retaildive | November 21, 2017
The nature of retail is changing, as the shift toward e-commerce threatens the value of major retailers in the market. Experts forecast doom for some household brands, and a slew of companies are being hit with declining sales and financial turmoil. Store closings and bankruptcies are the narrative of 2017, part of an ongoing "retail apocalypse." Sears, J. Crew and Neiman Marcus are just a few of the many big names potentially facing bankruptcy, as Retail Dive reports....
retaildive | March 27, 2018
Brookfield Property Partners has agreed to buy fellow mall developer GGP for $9.25 billion in cash, Brookfield said on Monday in a press release. The deal between the mall operators, which must be approved by GGP's shareholders, would create a new REIT, according to the release. For each GGP common share, GGP shareholders can choose either $23.50 in cash, one Brookfield unit or one share of the new REIT. In December GGP reportedly declined a $14.8 billion cash and stock offer from Brookfield...
fxstreet | January 16, 2020
Thursday's US economic docket highlights the release of monthly retail sales figures, scheduled at 13:30 GMT. Consensus estimates point to modest growth of 0.3% for December as compared to the previous month's 0.2% increase. Sales excluding automobiles (core retail sales) are seen rising by 0.5% during the reported month as against a dismal 0.1% growth recorded in November. Meanwhile, the closely watched Retail Sales Control Group is expected to rise by 0.4% following a 0.1% increase in ...
businesswire | January 15, 2020
VTS, the commercial real estate industry’s leading leasing and asset management platform, today announced VTS Retail the industry’s only leasing platform designed specifically for the retail sector solving major issues retail landlords have in their leasing process. Unlike any existing offering for retail landlords, VTS Retail transforms the leasing process by enabling retail landlords to significantly reduce the time from prospect to tenant move-in and proactively manage shopping ce...
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