Recent closure announcements from JCPenney, Macy’s, Sears & Kmart tell us that up to 324 department stores will soon be empty. What happens when big anchors go vacant? JLL’s Greg Maloney explains how shopping center owners can make this space useful again. We also learn what happened to the 133 Target stores that closed in Canada in 2015 from Dr. Tony Hernandez of the Centre for the Study of Commercial Activity… Read More
RadioShack’s Super Bowl Commercial The 80’s called…. They want their store back was a big hit, and may have been extremely prescient. But despite the headlines, the new store design promoted in the commercial is not counter to closing excess and underperforming stores— in fact it supports it, says JLL’s Michael Hirschfeld.
Shuttering storefronts is not revolutionary anymore, it’s evolutionary! In one fell swoop Radio Shack is changing how consumers perceive them, and… Read More