Home furnishings chain Pier 1 Imports Inc. filed for Chapter 11 bankruptcy protection on February 17. In connection with the Chapter 11 filing, the Texas-based company received a commitment of approximately $256 million in debtor-in-possession financing from Bank of America … Continue reading →
A co-tenancy clause in a retail lease offers the tenant remedies such as rent reduction and/or lease termination if either a certain percentage of the gross leasable area (or otherwise specified area) of the shopping center fails to remain open … Continue reading →
According to a Reuters analysis of federal data, of the 378 metropolitan areas ranked by the change in their share of national employment from 2010 to 2017, 40 percent of the new jobs generated during that time (along with a … Continue reading →
Vancouver-based athletic apparel company Lululemon opened its first restaurant today in Chicago’s Lincoln Park neighborhood (944 W. North Avenue). Named “Fuel”, the restaurant is part of a 20,000sf store (the retailer’s largest) which also offers men’s and women’s merchandise and … Continue reading →
On June 24, the White House issued an executive order aimed at improving price transparency in health care. The order directs the Secretary of Health and Human Services to propose regulation to require hospitals to publicly post standard charge information, … Continue reading →
The gap between the S&P 500 gains and the level of economic disappointments (the amount of data that has fallen short of analysts’ expectations) has widened to its highest level on record, according to MarketWatch (citing data from Nordea Markets). … Continue reading →
The total inventory of retail space in Eastern Massachusetts remained relatively flat between 2018 and 2019 with only a modest decrease of 0.2 percent (resulting from demolitions and re-purposing of space) to 195,979,300sf, according to the 2019 KeyPoint Report for … Continue reading →
Los Angeles-based Forever 21 Inc. has retained investment bank Lazard Ltd. and law firm Kirkland & Ellis for restructuring advice, according to Bloomberg. The fast fashion retailer, which opened its first store in 1984, has more than 800 locations worldwide. … Continue reading →
The number of jobs (all employees) at private breweries (all establishment sizes) increased from 26,380 in 2008 to 77,902 in 2018, according to the Bureau of Labor Statistics (BLS). The top three Metropolitan Statistical It can cure the root of … Continue reading →
One year after switching to fresh beef in its quarter-pound burgers, McDonald’s has gained market share in the “informal eating out” category for the first time in five years, according to Business Insider (citing a company report). The change from … Continue reading →