For the eighth quarter in a row, retail vacancies barely moved between July and October 2013, signaling some lingering weakness in the sector, according to third quarter reports from multiple industry sources.
Spooked by lackluster forecasts for holiday sales growth, U.S. retailers cut one- and two-year store opening plans in August, according to the National Retailer Demand Monthly report produced by RBC Capital Markets.
While Neiman Marcus is largely viewed as a well-performing chain in one of the stronger sectors of retailing, its limited growth potential might make it difficult for the buyers to make a profit on their investment, some consultants say.
Bill Ackman's intentions were good—that much members of the retail community agree on. But it doesn’t sound like anyone in the industry is going to shed tears over the supposed end to Ackman’s retail career.
While the country’s last remaining big-box bookseller is nowhere near its final days, many in the retail industry were hoping the buyout would disentangle Barnes & Noble’s core business from its money-bleeding Nook venture and allow the company to find a winning formula.
Hong Kong is holding on to its title as the world’s most expensive city for retail rents, according to the second quarter report from real estate services firm CBRE. CBRE estimates rents in the city average $4,328 per sq. ft. per year—29.5 percent above runner-up, New York.
With 11,100 corporate-owned and licensed stores already operating around the country Starbucks seemed to be at or near the point of saturation in most of its traditional urban markets. It turned out company management had a few tricks up its sleeve.
This year is shaping up to be a strong one for private equity-led buyouts of retailers, as capital remains plentiful and it becomes clear that this investment model can deliver spectacular returns when executed properly.