Monthly Archives: February 2015

Downtown Akron (Ohio) Partnership seeks ‘pop-up’ retailers to fill vacant storefronts

Reprinted from Ohio.Com

Downtown Akron has its share of vacant storefronts, and a new effort aims to fill some of them with temporary “pop-up” shops.

The nonprofit Downtown Akron Partnership is launching its “pop-up retail” program, seeking business owners and entrepreneurs who will be matched with downtown property owners popups26cutwho have empty first-floor storefront space.

Leases will run for six months.

To read the entire article, click  here

Store Closings Heavily Impact Apparel Sector

Reprinted from National Real Estate Investor

On Feb. 4, women’s clothing retailer Cache filed for Chapter 11. Through the bankruptcy, the chain plans to renegotiate leases and close a portion of its 218 stores. Cache’s announcement is the latest in a lengthy list of store closings announcements so far this year. Just a few days ago, Jones New York announced it plans to shutter 127 outlet stores and discontinue wholesale operations. And Kate Spade told the Wall Street Journal it would close its Saturday brand and Jack Spade stores, 28 in total.

retail store closing real estate

Retail store closing

According to ICSC, about 44 percent of store closings occur during the first quarter every year. In 2014, for example, 80 percent of the year’s total closings were announced during the first two quarters.

To read the entire article, click here