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
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.
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Tim Lepore 