Recently the apparel chain Francesca's filed for bankruptcy and has plans to shutter some 150 stores. Last month it was Guitar Center and Furniture Factory Outlet that sought Chapter 11 protection.
It is little secret that the pandemic has been hard on the retail sector—but the news is not uniformly bad. For instance, Crexi has named 17 cities in which the retail market was strong, or even surging, in the third quarter, and where it recommends that investors buy properties.
Another sign of the sector's relative health is the number of retailers that have expansion plans. This week, as one example, Starbucks announced that it plans to add 22,000 stores to its portfolio by 2030, for a total of 55,000. This will include a mix of new store formats, including Drive-Thru, Starbucks Pickup and curbside pickup, the company said.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
