Trumbull Mall Owner Could Look to Sell
International mall operator Unibail-Rodamco-Westfield has announced it plans to exit the United States market and focus on its holdings elsewhere around the globe.
CVS to Shutter 900 Stores in Three Years
CVS Health will close hundreds of drugstores over the next three years, as the retail giant adjusts to changing customer needs and converts to new store formats.
Holidays Could Make or Break Struggling Stores
Clothing stores and specialty retailers are offering big discounts and heavily promoting curbside pickup in hopes of rescuing a lackluster holiday shopping season in which surging coronavirus cases have kept many shoppers at home.
US Consumer Confidence Drops to 96.1 as Virus Spreads
U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August.
Self-Storage Pitched for Meriden Stop & Shop Site
A developer wants to replace a Meriden grocery store with a self-storage facility.
Gap. Inc. to Exit Malls, Shutter 220 Stores
The San Francisco-based retailer, which was for decades a fixture at shopping malls around the country, said Thursday that it will be closing one-third of its store base.
Waterford Big Box Redevelopment Lands Financing
A project looking to redevelop a former Toys “R” Us location into a medical office complex has secured financing.
Simon, Brookfield Close to Buying JC Penney Out of Bankruptcy
Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C. Penney out of bankruptcy and keep the chain running.
Macy’s Loses $431M, but Beats Expectations
Macy’s Inc. on Wednesday reported a fiscal second-quarter loss of $431 million, after reporting a profit in the same period a year earlier.
Lord & Taylor to Shutter, Close CT Stores
Lord & Taylor, one of the country’s oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
Retail Properties Ripe for Housing Redevelopments
A glut of retail space and steady demand for housing make a compelling argument for shopping center owners to maximize the value of their real estate by adding multifamily development.
Report: More Stores Close at Stamford Town Center
Even as current ownership markets the property for sale, shops continue to close at the Stamford Town Center Mall thanks to a wave of retail bankruptcies sweeping the nation.
Target Sales Surge as Americans Lean on Big-Box Stores
Target reported the largest quarterly sales growth, including an online sales spike, in its 58-year-history, the latest evidence that Americans are consolidating their trips to big box stores.
Connecticut Post Mall Owners Seek to Add Housing
The Connecticut Post Mall’s owners are seeking to turn a portion of the Milford property’s parking lots into 300 units of luxury housing.
Macy’s Plans Discount Store for WestFarms Location
Macy’s will open an outpost of its discount retail brand, Macy’s Backstage, at the WestFarms mall on Saturday.
Ann Taylor Parent Firm Files for Bankruptcy
The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic.
More Clothing Brands Fall to COVID Crisis
Tailored Brands, the parent company of Men’s Warehouse and Jos. A. Bank, announced it will close hundreds of stores due to the economic fallout of the COVID-19 pandemic.
Firm Plans to Use Malls as Micro Logistics Hubs
Logistics company Fillogic Hubs announced it is expanding planned “tech-enabled micro distribution hubs” from Stamford Town Center and four other New Jersey malls to others across the country.
Brooks Brothers Files for Bankruptcy
The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection.
