By Joan Verdon
It’s May and this is the month of reckoning for retailers and their landlords.
With malls and stores across the country closed since March, and half of those stores in default on their April rent, retailers and landlords have tough decisions to make.
This month, if they can’t find a way to share the pain, they risk mortally wounding each other. Read the full article at Forbes.com »
The Crittenden Report By Linda Frabl The Crittenden Report met up with Beau Arnason, the EVP of Asset Management for Steiner + Associates. Arnason responded to their question on whether or not he is worried that a potential future economic downturn might impact the viability of the retail centers that Steiner + Associates develops and…
Chain Store Age By Marianne Wilson Victoria’s Secret is using technology and innovative design details to enhance its in-store connection with shoppers — and reduce its environmental impact. The intimate apparel retailer has taken the wraps off its renovated and reimagined store at Easton Town Center in Columbus, Ohio. The location features Victoria’s Secret’s “store of…
Commerce + Communities Today By Beth Mattson-Teig Lifestyle centers are riding a wave of momentum that shows no signs of slowing. According to Placer.ai, U.S. open-air lifestyle centers are outperforming their peers when it comes to attracting more traffic. Year-over-year traffic at such centers increased by 2.5% in June, compared with a gain of 2% at…
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