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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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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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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Elyria Courtyard Marriott to Open in August

In 2016, Mayor Holly Brinda commissioned Jeff Green, head of Jeff Green Partners, and the Hoffman Strategy Group to assess and create a redevelopment plan and conceptual site design for Midway Mall that could serve as a tool for development and a selling point to anyone willing to invest in the mall’s potential.

In the plan, Jerry Hoffman said the market needs another hotel — possibly an 80-room or similar-sized upper- to midscale brand hotel by 2020.

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Life without Bon-Ton: Disaster or opportunity for Lehigh Valley malls?

Life without Bon-Ton: Disaster or opportunity for Lehigh Valley malls?

Jeff Green notes that department store spaces could be used for medical purposes or redeveloped into apartments or a limited-service hotel, lodging that would benefit mall restaurants. In yet another use, rumors have reportedly grown recently that the operators of Parx Casino in Bucks County are looking at a shuttered Bon-Ton store in Cumberland County for its planned mini-casino.

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