Bad News

Dated: 05/03/2018

Views: 775

The bad news for retail marches on: Sears is closing 103 stores, Walmarts sams club plans to shutter 63 stores, macys is closing 11, and J C Pennyis closing 8, according to CNBC, and in March, Toys R Us, the nation leading toy retailer, said it will go out of business entirely, closing more than 700 stores across the U. S.  Make no mistake that the avalanch of e-commerce and evolving consumer market is knocking the tradiyional Brick-and-marter business model to the ground, taking commercial retail real estate with it.N ew Jersey is not immune. The exodus of major retailers has left growing vacancies and many traditional malls, strip centers, and smaller retailers that counted on big-box anchors to drive traffic struggling to stay afloat, What will become of these properties? Do they have a chanch of being filled? What kind of tenants could make the properties internet-proof? And is there an upside to any of this?.

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