Mall landlords Brookfield Property Partners LP and Simon Property Group Inc. are reportedly in talks to purchase a stake in distressed teen retailer Forever 21 Inc., echoing a similar play for Aeropostale Inc. in 2016.Citing anonymous sources...
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September 23, 2019, 09:00 AM
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Struggling under a lingering distress in the retail sector, Sears Holdings Corporation announced that it will begin closing more stores in the U.S. sometimes in January. In a press release the company said it plans to close a total of 63 stores, 18...
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November 06, 2017, 08:00 AM
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The Gymboree Corporation announced that, following a comprehensive evaluation of its retail footprint as part of its previously announced court-supervised financial restructuring, the Company intends to close approximately 350 stores, mainly across...
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July 13, 2017, 07:41 AM
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The vacancy rate for regional malls was 8.1% in Q2 2017, up from 7.9% in Q1, and up from 7.9% in Q2 2016, according to recent data from Reis. While vacancy rates appear to be climbing, they are down from a cycle peak of 9.4% in Q3 2011.For...
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July 07, 2017, 08:00 AM
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Distress in the retail sector is weighing heavily on Eddie Bauer, according to sources who say the storied clothier has engaged Guggenheim Partners LLC and Financo LLC to explore avenues for debt relief. The sources, who spoke to Reuters on condition...
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June 27, 2017, 07:46 AM
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Apparel outlet Bebe Stores, Inc, announced that it is closing all of its stores by the end of May as it struggles to navigate increasingly turbulent waters for brick and mortar retailers.
In an SEC filing on April 21, Bebe said it also plans to...
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April 24, 2017, 07:14 AM
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