These days around here we’re usually writing about chains closing stores or tapering back growth plans. So it was refreshing to read this Los Angeles Times article about Forever 21′s aggressive expansion.The retailer, which focuses on selling affordable apparel to young women, is opening a 90,000-sf three-level store in Times Square next year, and executives predict revenue will jump from $1.8 billion this year to $2.5 billion in 2009. The 400-store chain is also looking abroad with openings to come in Asia/We can’t track down same-store sales numbers for the chain as it is private, but its growth comes at a time of volatility for publicly traded apparel chains. For example, same-store sales at Gap Inc. chains dropped 14% year over year in May, while Limited Brands stores had a 6% slide.Can Forever 21 keep up its growth and good fortune or is the industry so unpredictable any more that there is no longer any way to tell?
Understory’s open-air community space paired with the merging of the street and tunnel levels for the first time ever will create a destination unlike any other in Houston, says Skanska’s Matt Damborsky.
Surrounding ICSC’s RECon 2019 event, we caught up with a leasing specialist at Hines, among other experts, to talk about omnichannel retailing, store experience, design and more.
GlobeSt.com and Real Estate Forum are pleased to announce the top 2019 Woman of Influence professionals of the year in the category of Brokers-Landlord/Agency Rep.
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