Downtown to Become Lifestyle Center

According to GlobeSt.com, the flagship L.L. Bean Store–which is open 24 hours a day, 365 days a year and is the epitome of the outdoor lifestyle brand–is going to be redeveloped as a $40 million dollar, 113,000 square-foot lifestyle center, anchored by a revamped L.L. Bean store. Of course, the original L.L. Bean store is […]

Boston Globe Editorial on the Death of the Department Store

I highly recommend checking out this editorial in today’s Boston Globe, written by Jan Whittaker (the author of Service & Style: How the American Department Store Fashioned the Middle Class). It makes for very interesting reading on the week that we’re saying goodbye for good to many of our most beloved regional department store nameplates. […]

Wal-Mart Profits Drop for First Time in Decade

I’m a bit slow in addressing the big retail story of the past week, which is that Wal-Mart has posted their first drop in quarterly profits since 1996. This wouldn’t be massive news if it was a chain smaller than Wal-Mart (after all, we aren’t talking about a loss, just a drop in profits). But […]

PREIT Purchases Former Strawbridge’s Flagship Store

One of the more prominent retail sites vacated due to the Federated/May merger has been snatched up by PREIT (The Pennsylvania Real Estate Investment Trust). According to GlobeSt.com, the developer has signed a purchase agreement for floors one through six of the former Strawbridge’s anchor store at Eighth and Market Streets in center city Philadelphia. […]

Federated Sells Lord and Taylor for $1.2bil

Federated Department Stores played hot potato with the Lord and Taylor brand earlier today, selling it off almost immediately after acquiring it from May Company.  Federated Department Stores reported today that it would sell its Lord and Taylor division for $1.2 billion in cash.  The Wall Street Journal had previously reported that the probable buyer was a partnership between Apollo […]

A Strip Mall by Any Other Name…

…is a lifestyle center. It was announced today that Northborough, Massachusetts–a town that sits in the center of the sprawling web of suburbia between Boston and Worcester–will soon be getting one of the franchise “Loop” concept shopping centers. Named after Massachusetts highway 213, which completes a freeway “loop” around the city of Lawrence, it’s a […]

Name Change Has Hurt Macy’s

According to an article in today’s Columbus Dispatch (again with the Columbus newspaper! What’s going on?), a study recently completed on Columbus-area Macy’s stores since the changeover from the retired Lazarus nameplate has found that foot traffic was down 4.5 percent in 2005, or nearly 50,000 customers. Columbus is the first city where such a […]

Shopping is for the Dogs

OK, fess up: how many times have you gone out for a shopping spree only to return to your house to find that Fido shredded your curtains? Quite a few? Maybe he was just jealous that he didn’t get to nosh on Sbarro too. According to a recent article in the Columbus Dispatch, Polaris Fashion […]

Federated Drops Stores: What We Think Will Happen

According to this article, Federated Department Stores (the parent company of Macy’s) is selling nine former stores to General Growth Properties. This is just a small part of the divestitures occurring in areas where Macy’s had a substantial amount of overlap with a former May chain (such as Filene’s, Kaufmann’s, Strawbridge’s, Robinsons-May, etc.). In many […]