Research & News

JCPenney Investing $1B to Improve Stores

JCPenney said this week that it plans to spend more than $1 billion by the end of 2025 to revive the storied but troubled 121-year-old department store chain, The Associated Press reported. This investment is poised to become the next chapter in JCPenney’s proverbial cat with nine lives survival tale, but experts

ICSC: The Advantages of Placemeking in Today’s Retail Market

Retailers that in the past plunked down large cookie-cutter stores in malls and power centers across the U.S. have ramped up experiments with smaller formats geared toward local tastes and culture. It’s a strategy that satisfies several needs and goals of retailers at once — first and foremost to forge

Urban Retail Availability Increases as Suburbs Flourish

With workers only venturing into the office a few days a week, it’s no surprise that spending is being re-directed to retail districts closer to where people live, according to a new report from CBRE. This has resulted in an uptick in CBD retail availability in US central business districts,