Weekly Perl: A Commercial Real Estate News Recap
Net Lease Sales Decline In 2025 Amid Weak Market
The US single-tenant net lease market saw one of its weakest quarters in more than 10 years in Q2 2025, reports GlobeSt. Sales volume dropped to $9.61B.The decline puts midyear sales at $20.66 billion. This suggests the market could post its softest annual total since before the pandemic. That outcome is likely if activity doesn’t rebound...
US prices continued rise in July as Trump tariffs impact consumer costs
US prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs.
Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in the spring, the annualized inflation rate jumped up 0.4% since April...
Costco hits over $20B in net sales for July
Costco reported net sales of $20.89 billion for the month of July, the warehouse retailer announced on Wednesday.
This figure represents an 8.5% year-over-year increase. For the first 48 weeks of the fiscal year, net sales have risen 8.1% to $248.35 billion.
Comparable sales, excluding the effects of changes in gasoline prices and foreign exchange rates, rose 6.5% in the U.S. compared to July 2024...
Bath & Body Works targets Gen Z as it enters 600 college campuses
By investing in college campuses, Bath & Body Works is banking on capturing more Gen Z consumers.
The demographic already ranks Bath & Body Works’ products highly on third-party surveys. A recent Piper Sandler report on teen shopping preferences found Bath & Body Works was the favorite fragrance brand and third most liked beauty destination, its first top 10 finish in that category since 2018. Close to 6,500 teens with an average age of 16.2 were surveyed...
Von Maur, Golf Galaxy, Buc-ees’s among America’s ‘best’ retailers
Century-old regional department store company Von Maur and convenience store chain Buc-ee's, famous for its massive stores and devoted following, are among the 10 best retailers in America.
That’s according to Newsweek, which partnered with Statista to release its "America's Best Retailers 2025" report. The third-annual rankings were identified from the results of an independent survey of participants who have either made purchases, used services or gathered information about products or services in the past three years...
Under Armour cuts Q1 loss but sales fall; expects about $100M in costs due to tariffs
Under Armour continued to struggle in its first quarter as sales tumbled across regions. The company gave a downbear outlook, and warned that tariffs will cut into its profitability.
On the earnings call, CEO Kevin Plank addressed the incremental tariffs announced on July 31 and the “increased pressure” the company is facing this year...
First Look: Crocs goes experiential with new ‘Icon’ store concept
Crocs has unveiled a new store concept that features immersive storytelling and its largest personalization experience to date.
Located in Manhattan’s SoHo neighborhood, the 4,000-sq.-ft. outpost spans an entire city block. It offers the complete core Crocs shoe line and accessories such as bags, backpacks and keychains, along with a dedicated assortment of elevated Crocs EXP products...
Burlington to update most stores to reimagined shopping experience by end of 2026
Burlington Stores is continuing the rollout of its refreshed in-store shopping experience.
The off-price retailer’s new store format is designed to enhance the customer experience, offering Burlington’s product assortment in a more streamlined, easy-to-shop space. It features “thoughtfully organized” aisles, an open layout that makes it quicker and easier to find brands, and bold signage that showcases the latest must-have trends...
