Thursday, February 23, 2017

Kohl's, Macy's turn landlords in bid to unlock real estate value

Department store operators Kohl's Corp and rival Macy's Inc are betting on a potential money-spinner - carving out prime space within their sprawling stores and leasing them to other retailers.

The move underscores the pressing need for the two chains to better monetize their real estate assets at a time when fewer people are visiting malls and instead shopping online for everything from clothes to home decor items.. . . more

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