Tajuk : A $59 billion investor just issued a dire warning about the retail apocalypse
link : A $59 billion investor just issued a dire warning about the retail apocalypse
A $59 billion investor just issued a dire warning about the retail apocalypse
US retailers are closing stores and filing for bankruptcy at rates not seen since the recession.
The industry’s decline isn’t just a phase or a temporary trend: it’s a new normal, according to report released Wednesday by the asset management company Cohen & Steers.
“We see this retail weakness, which is occurring despite a relatively healthy economy, as part of a permanent evolution in how and where Americans spend their money,” the firm, which manages $58.5 billion in assets, said in the report.
Cohen & Steers blamed four factors for the retail industry’s shift: an over-abundance of stores in the US, the growth of ecommerce, shifts in shopper spending away from apparel and more toward experiences, and the decline of department stores.
“We expect the paradigm shift taking place to dramatically alter the retail landscape, with potentially significant implications for real estate investors,” the report states.
Cohen & Steers/ICSC Country Fact Sheets
Sears, Macy’s, JCPenney, and more than a dozen other national retailers have all announced mass closures this year.
The closures, which total more than 3,200 stores so far this year, are squeezing real estate investment trusts, or REITS, that own regional mall and shopping center properties.
For these REITs, “the threat of increased vacancies and rising costs for redevelopment and re-tenanting caused declines of 14.6% and 11.5%, respectively, in the 12 months ended March 31, 2017,” the report states.
Excluding these sectors, the rest of the REIT index produced a healthy 8.2% total return in that period.
When so-called anchor stores like Macy’s or Sears go out of business, malls must find new tenants to replace them or risk losing rent payments.
Class A malls, which are the most profitable shopping centers, will have little trouble attracting new tenants when stores close.
But class B and C malls — which represent the majority of malls in the US — will have a harder time finding lucrative replacement tenants.
“Generally speaking, their future is much cloudier and we expect to see loss of market share,” the report states. “We believe much of the efforts to refurbish properties may do little to create actual value.”
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan untuk meneruskan bacaan di laman asal sila klik link atau copy paste ke web server : http://ift.tt/2pFwTV1
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
US retailers are closing stores and filing for bankruptcy at rates not seen since the recession.
The industry’s decline isn’t just a phase or a temporary trend: it’s a new normal, according to report released Wednesday by the asset management company Cohen & Steers.
“We see this retail weakness, which is occurring despite a relatively healthy economy, as part of a permanent evolution in how and where Americans spend their money,” the firm, which manages $58.5 billion in assets, said in the report.
Cohen & Steers blamed four factors for the retail industry’s shift: an over-abundance of stores in the US, the growth of ecommerce, shifts in shopper spending away from apparel and more toward experiences, and the decline of department stores.
“We expect the paradigm shift taking place to dramatically alter the retail landscape, with potentially significant implications for real estate investors,” the report states.
Cohen & Steers/ICSC Country Fact Sheets
Sears, Macy’s, JCPenney, and more than a dozen other national retailers have all announced mass closures this year.
The closures, which total more than 3,200 stores so far this year, are squeezing real estate investment trusts, or REITS, that own regional mall and shopping center properties.
For these REITs, “the threat of increased vacancies and rising
Excluding these sectors, the rest of the REIT index produced a healthy 8.2% total return in that period.
When so-called anchor stores like Macy’s or Sears go out of business, malls must find new tenants to replace them or risk losing rent payments.
Class A malls, which are the most profitable shopping centers, will have little trouble attracting new tenants when stores close.
But class B and C malls — which represent the majority of malls in the US — will have a harder time finding lucrative replacement tenants.
“Generally speaking, their future is much cloudier and we expect to see loss of market share,” the report states. “We believe much of the efforts to refurbish properties may do little to create actual value.”
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan untuk meneruskan bacaan di laman asal sila klik link atau copy paste ke web server : http://ift.tt/2pFwTV1
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara A $59 billion investor just issued a dire warning about the retail apocalypse
Kini anda membaca artikel A $59 billion investor just issued a dire warning about the retail apocalypse dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/a-59-billion-investor-just-issued-dire.html
Related Posts :
Penduduk Mendakwa Air Terjun Lata Meraung Tercemar, Seperti Air Teh !
[WALAU UMNO ZALIM, KENA SOKONG] YDP PAS Padang Serai PENIPU, FITNAH Tak Boleh Azan di P.Pinang
Hukuman Penjara Bagi RUU Berita Palsu, Di Kurangkan Kepada Enam Tahun
Nama "Mantan CEO Matrade" Kini Tersenarai Calon BN DUN Beserah ?
Rafidah: Hey Nazri, Annuar.. Secara Teknikal Saya BUKAN Lagi Ahli UMNO, dah 10 tahun tak bayar yuran
0 Response to "A $59 billion investor just issued a dire warning about the retail apocalypse"
Catat Ulasan