This is a good time for bank risk managers and bank regulatory examiners to evaluate the effects of a deepening retail crisis on the financial services sector. Last year, with online shopping growing ever more dominant, 4,000 stores closed, and this year is looking far worse. Some sell-side analysts predict that the number of closings
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Brick-and-mortar retail is getting hammered by a barrage of negative news related to bankruptcies, store closings, slipping sales and retailer restructuring. Yet not everything in the retail sector is shrouded in gloom and doom. Cushman & Wakefield’s Garrick Brown recently highlighted the challenges and opportunities ahead for the retail sector in his latest webinar, Retail
Developers plan to build a large Amazon warehouse on Boggy Creek Road, south of Orlando International Airport, emails show. Emails between Amazon warehouse developer Seefried Industrial Properties and Orange County officials lay out plans for a multi-story distribution center that makes use of vertical space with the kind of robotic storage systems that can quickly
The shift to online shopping has introduced a new form of urban consumerism. Fewer trips to the mall or grocery store have created opportunities for online retailers to meet demand by utilizing forgotten urban industrial space. Pockets of warehouses, often on the fringe of metro markets, are being converted from manufacturing into distribution centers. These
As Sears nears bankruptcy, some investors are looking for ways to profit from the retailer’s collapse. In an annual report filed on March 22, the company said its operating results showed “substantial doubt” about whether it would remain in business. Sears has closed hundreds of stores and sold off assets to raise cash. Traders who bet