National
KKR in talks for massive warehouse buy
Investment firm KKR & Co. is in talks to buy a portfolio of warehouses valued at more than $800 million, as a surge in e-commerce is driving investor interest in industrial space. The deal...
E-commerce
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National
Target to open 40 new stores a year; Q3 income jumps
While Amazon is adding giant fulfillment centers to satisfy online orders, Target is bulking up on smaller stores to...
National
“We are erring on the side of having too much capacity”: Amazon reports massive Q3
How much capacity is too much? For Amazon, the limit doesn’t exist. At least not yet. The e-commerce giant...
National
Fewer than half of holiday shoppers will hit the mall this year
In a typical year, the holidays are peak season for malls — but this isn’t a typical year, and...
National
Landlords eye taking cut of retailers’ online sales as rent
Landlords are familiar with percentage rent — taking a portion of retail tenants’ in-store sales — but now, some...
Shopify grabs Soho retail space vacated by Google
Shopify is taking over a Soho storefront in a sublease from Google. Google had leased the space at 131...
National Weekend Edition
Amazon opens its biggest office ever. Outcry ensues
Amazon just opened its largest office in the world, spanning 1.8 million square feet, in Hyderabad, India. It’s part...
National
A few big-box stores now account for 29% of US sales
Despite fears of decreased spending amid the pandemic, big-box stores — plus Amazon — raked in the cash last...
Target will open 27 new stores as Q2 sales soar
The pandemic has dealt a crushing blow to countless retailers, but for behemoths like Amazon, Walmart and Target it...
National
“Headwind to profitability”: Amazon doubles down on fulfillment centers
Amazon has been on a torrid pace of leasing and acquiring millions of square feet of fulfillment centers and...