Retail

Old Navy’s first quarter same-store sales went down for the first time in three years.

Shop Premium Outlets will be able to shop at multiple brands with discounts of up to 65 percent and Simon will take a commission on sales.

The giant department store chain is looking to ‘unlock additional real estate value’ from its prime Manhattan location.

Healthcare clinics are becoming more attractive retail center tenants, investors are willing to pay more for well-positioned retail assets in high-growth secondary markets.

Industry insiders claim that mall traffic is rising and that newer retail centers, not e-commerce, are responsible for struggling properties.

The retail chain still has sizeable market share and changes from renegotiating leases to improving its e-commerce division could help turn it around.

The children’s attraction, which has seen more than 72 million visitors, is looking for 80,000-sq.-ft. spaces.

Rising demand for rapid and efficient delivery is making restaurant and grocery operators re-evaluate their space needs.

The “old model for mall success is on life support,” industry experts say.

While property fundamentals in the sector remain solid, development has slowed significantly.