Weekend Recap- June 1 Edition

 

The summer is officially here and Sears is at it again closing 72 more stores. While it seems that big-box retail is undergoing similar pressure throughout the nation, I disagree. Old big-box retailers are starting to close their doors because they can’t keep up with what customers want. In my eyes, Sears was never an exciting consumer expereience and their online game isn’t well advertised. My guess, brands like TJX’s newest concept Homesense will start taking over some of these big-box vacancies and we will see a lot of regrowth in the larger retail space!

Sears Closes An Additional 4 Texas Stores
Sears is closing 63 stores as sales tumble — here’s the full list
Sears is closing 72 stores as sales tumble
Sears plans to shutter 72 more stores, with closing sales starting in the near future
Sears’ loss widens in first quarter as sales plunge 30 percent

 

Below are a few articles that I found interesting this week.

Local:

Texas Is Undeveloped Land King

Dallas Has More Vacant Land Downtown Than Any Other Major U.S. City

Spurred By Upcoming TEXRail Line, Mixed-Use Transit-Oriented Development Coming To Grapevine

New Rangers Stadium Will Be ‘Ultimate Curation of Experience,’ Designer Says

No sign of a slowdown for Allen’s building boom

CRE Opinion: How Dockless Bikes Fit into Downtown’s Mobility Plan

Valley View Center was supposed to be gone by now, but instead Dallas says it’s ‘a substantial danger’

Uptown office block sells to pension fund buyer

National:

Big Scoop: Rite Aid To Keep Thrifty Ice Cream Under Albertsons

Kroger Buys Home Chef As The Meal Kit Industry Rapidly Consolidates

Fred’s Bolsters Board With Real Estate Talent As Divestitures Loom

Watch out for these 8 retailers — they’re ready to grow in the US

Walmart’s future may include in-store drone assistants and smart shopping carts

Pret A Manger sold for $2 billion to Germany’s deal-hungry Reimann family

Owner of Panera Bread, Krispy Kreme in another big acquisition

What have you been reading this week? Please comment below with any interesting articles or topics you would like to see covered.

Some of these articles may only be available for a limited time and may require registration to view. Rubicon Representation, LLC and Tim Lepore are not affiliated with these organizations.

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