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Breaking Retail Real Estate News
  • Healthcare clinics replacing retailers in many US malls
    (retaildive.com - 7/26/2016)
  • Malls are struggling and baby boomers are aging, so many American malls are inviting healthcare facilities into their mix of businesses ... there are benefits. Medical offices are getting favorable lease terms from struggling malls, and landlords are finding them to be financially sound enterprises ...   (full story)

  • Golden Corral eyes closed Buffets LLC units
    (nrn.com - 7/25/2016)
  • The latest bankruptcy of buffet giant Buffets LLC has been a boon for Golden Corral. The Raleigh, N.C.-based buffet chain is looking at many of the sites left empty by Buffets, the operator of Ryan’s, Old Country Buffet and HomeTown Buffet.   (full story)

  • Investment firm takes majority stake in Original ChopShop
    (nrn.com - 7/25/2016)
  • Hargett Hunter Capital Partners has acquired a majority stake in Original ChopShop Co. ... “We believe that under their leadership, ChopShop can quadruple its number of locations in the next three years.” ...   (full story)

  • Retail sales forecast looking brighter
    (cnbc.com - 7/25/2016)
  • As such, the National Retail Federation on Tuesday raised its full-year sales forecast to 3.4 percent growth, up slightly from its previous expectation for a 3.1 percent lift. It cited improvements in the housing market, job growth and higher wages as three factors that should boost consumer sentiment through the end of the year.   (full story)

  • Don't Kick Skechers Off Too Quickly
    (bloomberg.com - 7/25/2016)
  • Skechers said it expects to open 200 new stores by the end of 2016. And while domestic wholesale sales fell by 5.4 percent in the quarter from a year ago, company-owned retail-store sales grew by 15 percent.   (full story)

  • The Mall of the Future Will Offer Dinner, Movies, and a Colonoscopy
    (bloomberg.com - 7/25/2016)
  • While urgent-care centers have been strip-mall staples for decades, the chance to catch dinner, a movie, and a surgical procedure under the same roof is new—and coming soon to a mall near you.   (full story)

  • G-III snaps up Donna Karan from LVMH for $650m
    (retaildive.com - 7/25/2016)
  • G-III Apparel Group, Ltd. and LVMH Moët Hennessy Louis Vuitton Monday announced that they have entered into a definitive agreement where G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands.   (full story)

  • Godfather's Pizza Announces 2016, Early 2017 Expansions
    (prweb.com - 7/24/2016)
  • Ambitious, excited and focused. That’s how Godfather’s Pizza, Inc. ... describes the next nine months for franchisee, TA Operating. The Ohio-based company, operating a convenience store brand under the name Minit Mart, plans to add 40 new stores this year around Kansas City, Missouri; Lexington, Kentucky; and across the state of Illinois. This will more than double ...   (full story)

  • Canadian restaurant group acquires Kahala, readies for US growth spurt
    (pizzamarketplace.com - 7/22/2016)
  • Shareholders approved the merger Thursday of Kahala Brands Ltd and a wholly owned subsidiary of MTY Food group ... The new combined entity will have 5,500 stores under 57 brands. MTY leadership has said that the company sees this acquisition as the best route to future growth and enhanced presence in the U.S. for MTY's Canadian brands ...   (full story)

  • NRF: Back-to-school spending set to eclipse $75b
    (retaildive.com - 7/22/2016)
  • U.S. families will spend $75.8 billion in the run-up to the new school year, compared to last year’s $68 billion, according to the NRF’s annual survey ...   (full story)






     

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