Some say there could be for other retailers.A Dow Jones article specifically points to Best Buy as being the big winner, grabbing up to 40% of the liquidating retailer's sales. Analysts are saying that other retailers, like Costco, Wal-Mart and Staples could stand to gain as well. So does that mean that centers with those stores as anchors will see increased traffic?Of course, there's very little upside for landlords with Circuit City as an anchor tenant. According to a Reuters article, REITs with the highest exposure are Developers Diversified Realty (1.7% of its base rent) and Kimco Realty Corp. (1.5%). Of course, those are HUGE companies that have a better chance of absorbing the blow than most.So what are smaller investors to do that have Circuit City exposure? Hope that Best Buy decides to expand again?
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.