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Ever since JC Penney filed for bankruptcy earlier this month, rumors have swirled around potential buyers. The latest—and most dissected by insiders—is Amazon.
Grocers have mostly avoided the pain caused by e-commerce, but COVID-19 is forcing adoption of online delivery. Grocers and the REITs that lease to them need to adapt quickly, BTIG consultants say.
Because of the COVID-19 pandemic, there is a demand for robotic fulfillment facilities that will support the online food delivery industry and these facilities will pick and handle groceries orders faster and better.
Cities can create parklets, curbside parking and flex zones temporarily and with little money to give consumers spaces to engage in commerce from a distance.
Federal Realty is rolling out The Pickup, a dedicated drive-up lane that is similar to a fast food drive-thru, at all of its shopping center properties in the US and Bay Area beginning on Friday, May 8.
With stores like Neiman Marcus, JC Penney and Pier 1 struggling, there could be excess retail warehouse space later this year, particularly in the Inland Empire.