Industry News
Bankrupt Retailer Joann To Close 500 Stores
Meanwhile, Denny’s—though not in bankruptcy—is reassessing its footprint, with plans to close up to 90 locations in 2025 after shutting 88 last year.
Aldi Plots 225-Store Expansion After Buying Winn-Dixie, Sells 170 Stores Back To Former Owner
In 2023, Aldi acquired these two grocery chains, which collectively operate around 400 stores across the American South. Of those, approximately 220 will be rebranded as Aldi locations, while about 170 stores will be repurchased by a group that includes the chains’ former owner.
Which NC, SC Big Lots Stores Will Stay Open? These 63 Likely Locations Are On A List
Retailer Big Lots filed for bankruptcy in September 2024 and currently has 872 U.S. stores. It’s unknown how many will close, but a list of 200 likely to stay open is in a recent court filing.
70% Of CRE Investors Plan To Increase Acquisitions This Year
While multifamily and industrial remain the favorites, retail is getting more attention.
Northlake Mall To Be Acquired For $39 Million
The purchase price is more than $200 million shy of the price it was purchased for just over a decade ago.
Macy’s, Kohl’s Announce Dozens Of Store Closures
Two of the best-known department stores in the U.S. plan to close almost a hundred stores combined in the coming months.