Weekly Perl: A Commercial Real Estate News Recap
Under Armour restructuring includes split from its biggest star
Under Armour is parting ways with basketball star Stephen Curry as part of a restructuring initiative that includes focusing on its namesake brand. The athletic apparel and footwear company said it plans to separate Curry Brand from Under Armour, ending a partnership “that has redefined performance product and athlete-led storytelling for more than a decade.” Under Armour had long played up its partnership with 11-time NBA All-Star...
Retail roulette: How Trump’s tariffs altered buying
Ever-changing tariff rates have introduced uncertainty and confusion for retail buyers. But could they also present an opportunity for new supply chain strategies?
With the Trump administration’s approach to tariffs, yesterday’s price is not today’s price.
Retailers may have found this to be particularly true this year as tariff rates have fluctuated at a pace rarely seen before. The on-again, off-again approach has impacted the ability to predict costs of goods from suppliers retailers have typically leaned on, impacting a buying process that often relies on historical data...
Expanding retailers face space crunch; Tariffs expected to slow global trade growth; Residential lending conditions ease
Expanding retailers face space crunch
National retailers looking to boost the number of their locations face rising challenges as U.S. retail construction remains limited. Those companies will increasingly be turning to “second generation” spaces vacated by others as conditions favor small formats over big boxes, according to the latest national retail trends report from brokerage JLL...
Home Depot lowers outlook as soft housing market cuts its sales
Saks Off 5th will be closing 10 stores scattered across the United States as its parent, luxury retail giant Saks Global, looks to streamline its brick-and-mortar property.
The off-price chain with 79 locations now has slated nine stores for closing starting early next year, New York-based Saks Global confirmed in an email to CoStar News. A 10th location, at 125 E. 57th St. in Manhattan, will go dark on Dec. 31 as the building that houses it is converted from commercial to residential use. That prompted Saks Off 5th's decision to exit that retail site...
Bombas teams with Leap, Shopify and Simon for brick-and-mortar expansion
Direct-to-consumer sock brand Bombas continues its push into physical retail.
Best known for its comfortable socks and “buy one, donate one’ business model, Bombas has opened third-ever retail location, at The Domain in Austin, Texas. The opening follows the October debut of the brand’s first-ever stores, at Town Center in Boca Raton, Fla., and New York City. All three stores offer the company's full product assortment, which has expanded beyond socks to include underwear, T-shirts, slippers, slides and more...
Burlington to fill empty Modell’s space in Westchester County
Post Road Plaza in Pelham Manor, N.Y., is once again fully occupied.
Burlington Stores has signed lease for a 30,500-sq.-ft. space at the center that was vacated by Modell’s in 2020, and Gloss Nail Bar & Lash closed on a 3,500-sq.-ft. space. Post Road Plaza sits across the street from a BJ’s Wholesale Club and serves high-income Westchester residents as well as customers from the nearby Bronx...
Retail Analytics Drive Smarter Site Selection In Crowded Markets
For brands like Chipotle, with 50+ Manhattan locations, the challenge isn’t entry—it’s optimizing within a saturated market. Kenneth Hochhauser, EVP at RTL, says every new site must be backed by rigorous data analysis to justify its value, reports GlobeSt. This is especially true in dense urban environments...
