PBS, which currently occupies about 134,000sf at 2100 Crystal Drive, has signed a 15-year lease at 1225 S. Clark Street (“Crystal Gateway II”) at National Landing in Crystal City. The public broadcaster and television program distributor will transfer to its … Continue reading →
Discount retailer Payless ShoeSource is considering closing at least one-third of its approximately 3,000 stores in an effort to avoid a second bankruptcy, according to CNBC. Payless exited bankruptcy in 2017, slashing its debt from over $800 million to about … Continue reading →
Located at 720 South Hill Street in LA’s Jewelry District, the seven-story, 105-year-old, 67,000sf Greet Street Building will house tenants dedicated to the cannabis industry. Tenants include a branding and business development consultancy with clients that are in the cannabis … Continue reading →
Because the intellectual property of retailer Toys “R” Us served as collateral on their loans, a group of funds that financed the lenders during the bankruptcy now control rights to the Toys “R” Us and Babies “R” Us brands. According … Continue reading →
Starbucks plans to close about 150 company-operated stores next fiscal year. This is three times the number it typically closes annually, according to Bloomberg. Most of the closures will be in major metropolitan areas where regulatory requirements are hampering profitability. … Continue reading →
Amazon has opened its second DC area bookstore at Bethesda Row. The approximately 6,000sf store located at 7117 Arlington Road is the company’s 16th brick-and-mortar bookstore in the U.S. A 37,000sf Barnes & Noble at Bethesda Row closed in Kamagra … Continue reading →
Citing the rapidly changing retail environment, IKEA has cancelled plans to open new stores in Nashville, TN, Cary, NC and Glendale, AZ and will instead shift resources to its online platform. IKEA sales fell short of four percent growth in … Continue reading →
Retail chain stores that are dominant in their product category such as Best Buy and Bed, Bath, and Beyond, known as “category killers,” have grown over the past 40 years, contributing to the dismantling of the mall and department store … Continue reading →
Specialty grocer Trader Joe’s is expanding further in DC. In addition to Foggy Bottom, 14th Street and Capitol Hill (which opened last Friday), the California-based retailer plans to open a fourth DC location at Union Market next year and recently … Continue reading →
Among chain retailers and restaurants with greater than 50 locations, net openings so far in 2017 total 4,080, according to an IHL Group report. Of this number, 1,326 are in core retail segments and 2,754 are restaurants. Grocery chains, discount … Continue reading →