San Francisco will put to vote next Tuesday a punitive new approach to ending the blight of empty storefronts.
A real-estate-focused venture-capital firm said it has closed a $100 million fund to invest in companies born online and looking to join the brick-and-mortar world.
Analysts are split about whether Simon Property’s bid to rescue the fast-fashion retailer will succeed, but even skeptics say the mall giant may have little choice but to try to salvage one of its most important tenants.
A group of Texas businessmen that launched a $1 billion plan to redevelop the Plano, Texas, headquarters of J.C. Penney Co. say they have been tripped up by the reluctance of lenders to get involved with a project that depends heavily on the health of the struggling retailer.
Greeting cards and stationery retailer Papyrus filed for bankruptcy with a plan to close all its stores in the U.S. and Canada after it was unable to find a buyer to keep its stores and sister outlets, American Greetings, Carlton Cards and Paper Destiny, in business.
Hong Kong landlords, used to charging top dollar for flagship stores, are suddenly in flash-sale territory. Prime retail rents dropped in late 2019, as social unrest disrupted commerce, and rents in the glitziest enclaves are expected to fall again this year.