Monday, August 7, 2017

Department Stores Continue Slide as Investors Eye Properties

abandoned-mallActivist investors are stepping up their efforts to get chain department stores to spin off their real estate holdings, as the sector as a whole continues to struggle.

Department stores ranked among the industry’s sales laggards for yet another quarter, according to latest research from real estate services firm CBRE on overall retail performance and rents. Sales in the sector registered an almost 6 percent decline for the rolling four quarters, according to findings from the company’s second quarter U.S. Retail Figures.. . . more

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