A Simon Property Group Mall Generates Largest Loss Ever for Retail CMBS by Wolf Richter • Apr 8, 2019 • 52 Comments How the Brick & Mortar Meltdown works for Commercial Mortgage-Backed Securities after America’s largest mall landlord defaults on a mortgage and walks away from the mall.
E-Commerce is Wiping Out Mall Retailers One by One. Here’s the Data by Wolf Richter • Mar 13, 2019 • 100 Comments Department store sales hit a new record low in the data going back to 1992.
Formerly Red-Hot Retail Sales Fizzle Back to Normal by Wolf Richter • Mar 11, 2019 • 55 Comments But back to “normal” hurts after a good run.
The Biggest Retailers Are Too Scared to Disclose this Data. But Nordstrom Just Did by Wolf Richter • Mar 1, 2019 • 75 Comments How its own online sales, now one-third of its total sales, eat its brick & mortar. But it’s a matter of survival.
This Retailer Bankruptcy Will Lead to the Largest Liquidation by Store Count in the US. Liquidation Sales to Start Next Week by Wolf Richter • Feb 15, 2019 • 117 Comments Brick-and-Mortar Meltdown for its new shareholders: All of them PE firms.
Worried about Costs & Slowdown? Amazon Scuttles HQ2 Altogether, Plunges NY City Real Estate Industry “Into Despair” by Wolf Richter • Feb 14, 2019 • 142 Comments Prudent cost-cutting move artfully dressed up as response to local politicians that had railed against the $3-billion corporate welfare package.
Why I’m Not in Panic Just Yet over the “Dreadful” Retail Sales that “Fell Most Since 2009,” But Nervously Look at the Trend by Wolf Richter • Feb 14, 2019 • 56 Comments Consumer exuberance maxed out last summer and has since changed direction.
What the CEO of America’s Largest Mall REIT, Simon Property Group, Just Said about the Brick & Mortar Meltdown and How it’s Trying to Manage It by Wolf Richter • Feb 2, 2019 • 62 Comments “I prefer not to scare you at this point, okay. But it’s something that we’ve been able to withstand”: CEO David Simon.
Another Retail Chain Bought & Stripped Bare by Sun Capital Goes Bankrupt by Wolf Richter • Jan 17, 2019 • 97 Comments Number five in two years. Here’s the list.
THE WOLF STREET REPORT by Wolf Richter • Jan 13, 2019 • 48 Comments What’s the deal with retailers — and retail sales?
