Tag Archive for brick-and-mortar-meltdown

Disney Struck. Cinemas, Landlords Live Nightmare in Brick-and-Mortar-Meltdown Series as Movie Debuts Shift to Streaming

by Wolf Richter • Oct 12, 2020 • 121 Comments

Efforts to redevelop dying Stonestown Galleria in San Francisco turn into mess. The beating of landlords will continue until mood improves.

Cinema Chains Near Collapse: The Problem Beyond the Pandemic

by Wolf Richter • Oct 5, 2020 • 189 Comments

Out-of-money-date for Cineworld — owner of Regal, second largest movie theater chain in the US — is in November or December, but it’s hoping for a US taxpayer bailout.

Jingle Mail for Malls: Even Biggest Landlords Walk from Malls as Stores Go Bankrupt, Refuse to Pay Rent, Mall Values Slashed Brutally. But those Shorting Mall CMBS Made a Killing

by Wolf Richter • Aug 24, 2020 • 158 Comments

Mall meltdown gets messier. But someone’s making money. Here’s how they shorted malls.

Brick & Mortar Retailers, Malls, Mall-REITs, and their Debts: The Whole Schmear is Coming Apart

by Wolf Richter • Jul 24, 2020 • 170 Comments

There’s Just No Good Way Out.

Pandemic Compresses Brick & Mortar Meltdown: Brooks Brothers Files for Bankruptcy, Ascena (Ann Taylor, etc.) Prepares to File, Tailored Brands (Men’s Wearhouse, etc.) Not Far Behind

by Wolf Richter • Jul 8, 2020 • 131 Comments

A dozen major brands, thousands of stores, after years of struggling. Work-from-home is annihilating casual and formal office attire.

Mall and Hotel Loans Are Blowing up Commercial Mortgage-Backed Securities

by Wolf Richter • Jul 5, 2020 • 123 Comments

CMBS delinquency rates for retail properties spiked to 18% and for hotel properties to 24%.

An Epically Bad Week for US Brick-and-Mortar Retailers and Landlords

by Wolf Richter • Jun 14, 2020 • 102 Comments

Winners in this crisis: Ecommerce – for retailers that don’t sell men’s office & formal wear – and for sure, lawyers.

CMBS Delinquency Rate Spikes by Most on Record

by Wolf Richter • Jun 2, 2020 • 87 Comments

Commercial Mortgage-Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make bond interest payment yesterday.

Shares of Mall REITs Jumped 12% Today, But Have Collapsed So Far It’s a Barely Visible Blip

by Wolf Richter • May 18, 2020 • 99 Comments

The disaster came in two phases: first, the brick-and-mortar meltdown, then Covid-19.

Zombie J.C. Penney Finally Files for Bankruptcy, in Deal with Distressed Debt Funds. Stock and Some Bonds Wiped Out

by Wolf Richter • May 16, 2020 • 139 Comments

Investors bet on this outcome for years. Covid-19 just sped it up by a few months. Department Stores Are Toast.

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