Charming Charlie Declares Second Bankruptcy, Will Close All 261 Stores

Charming Charlie Declares Second Bankruptcy, Will Close All 261 Stores

Now Charming Charlie is the latest retailer to close all of their stores. There is no surprise here given a format that was too large, the merchandise mix was limited and they over-paid for their real estate. Jeff Green of Hoffman Strategy Group spoke with Real Estate Business Online magazine in the article below.

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Safeway plans Seattle upgrades and redevelopments, but questions remain about timing

Safeway plans Seattle upgrades and redevelopments, but questions remain about timing

It is interesting to watch how the traditional grocers are dealing with the changing trends in supermarket shopping. Kroger has really addressed consumers needs through it's store format and technology improvements. Jeff Green of Hoffman Strategy Group spoke with the Seattle Times about the differences between Kroger (QIC in Seattle) and Safeway in the article below.

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A Bankruptcy May Be in Forever 21's Future, But the Chain Will Survive, Expers Say

A Bankruptcy May Be in Forever 21's Future, But the Chain Will Survive, Expers Say

Fast fashion in general has over-expanded. Forever 21 , specifically, opened stores in many class-A malls and then went into B and C malls. The retailer is in some markets that really aren’t large enough to support its stores. Jeff Green of Hoffman Strategy Group spoke to National Real Estate Investor about Forever 21’s future and that of other fast fashion retailers in the article below.

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Do mall owners anticipate more consolidation?

Do mall owners anticipate more consolidation?

Dan Sheridan of Hoffman Strategy Group provides insights on consolidation in the mall industry in this ICSC article. For Sheridan, who has served in senior roles at The Irvine Co. and GGP, the big question is, What happens to the mall that are B-plus and below? Who ends up owning those malls? Will those owners have the resources to maximize that real estate?

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Lehigh Valley Mall plans two restaurants along MacArthur Road. Could Dave & Buster's be one of them?

Lehigh Valley Mall plans two restaurants along MacArthur Road. Could Dave & Buster's be one of them?

It seems as though some best-in-class malls, even in smaller markets, are bringing in more food service and entertainment uses. Jeff Green of Hoffman Strategy Group spoke to The Morning Call newspaper about this phenomenon at Allentown's Lehigh Valley Mall in the article below.

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Dorms developer plays defense in project next to Cal State Bakersfield campus

Dorms developer plays defense in project next to Cal State Bakersfield campus

Colleges are experts at building classrooms and increasingly turn to outside developers for help developing student housing. Jerry Hoffman of Hoffman Strategy Group spoke with the Bakersfield Californian about the importance of building social capital between the college or university and community to the success of a project.

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Corporate bankruptcies drive latest Mall at UTC exits

Corporate bankruptcies drive latest Mall at UTC exits

A large brick-and-mortar presence, large store footprints and not a lot of brand differentiation are causing retailers to file bankruptcy and close stores. Jeff Green of Hoffman Strategy Group spoke with the Sarasota Herald-Tribune about the impact of store closings at the Mall at University Town Center.

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Payless ShoeSource's 2,100-Store Shutdown Due to Inability to Compete with Department Stores, Says Analyst

Payless ShoeSource's 2,100-Store Shutdown Due to Inability to Compete with Department Stores, Says Analyst

The store closures continue. Payless announced late last week the closure of all 2,100 of its US stores. Jeff Green of Hoffman Strategy Group spoke with Real Estate Business online about the reasons for their demise in this article.

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New owner of Westgate Mall in Bethlehem: We plan on 'revitalizing this well-located retail center'

New owner of Westgate Mall in Bethlehem: We plan on 'revitalizing this well-located retail center'

"It is interesting to see what potential C malls might have in the future," says Jeff Green, partner at Hoffman Strategy Group. "Many times the highest and best use of such a property is no longer retail." Jeff spoke with The Morning Call about the new owner of a small, formerly Bon-Ton anchored mall, Westgate Mall, in Bethlehem, PA.

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How Sears’ Bankruptcy Filing Will Influence Retail

How Sears’ Bankruptcy Filing Will Influence Retail

Jeff Green, partner at Hoffman Strategy Group, spoke with Commercial Property Executive about how Sears’ bankruptcy filing will influence retail. “B malls will likely look at repurposing the Sears spaces with entertainment uses - health clubs, theaters and perhaps restaurants - as well as non-retail uses that might include residential, senior living, hotel, office, medical and educational uses,” says Green.

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