The best retail news and insights

Useful articles from around the web, unique Retailsphere driven insights, and the latest retail announcements, all in one place.

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Alamo Drafthouse Files for Chapter 11 Bankruptcy

Alamo Drafthouse filed for Chapter 11 bankruptcy on Wednesday March 3rd after having the majority of its 40 locations closed for almost a year due to the Coronavirus pandemic. 

Disney to Close 60 Stores  by End of 2021

Of the current 300 stores Disney operates across North America, 60 locations or 20% of their footprint, will close by the end of the year. In their announcement, they said this was part of an effort to focus more on e-commerce.

Small format Bloomingdale's called "Bloomies" to Open Fall 2021

Macy’s owned Bloomingdales has announced they are experimenting with smaller format stores called “Bloomies.” With a footprint less than 22,000 square feet, the first will open in Fairfax, VA this fall. 

Major Food Group Adding Several New Restaurants in Miami

With concepts in New York, Las Vegas, Hong Kong, and Tel Aviv, Major Food Group (MFG) is entering the Miami market with at least 4 new restaurants in 2021. Carbone, which has developed a world wide cult-following, opened at the end of January near the southern tip of Miami Beach in the South of Fifth neighborhood. 

Fry's Electronics Permanently Closing All Remaining Stores

As of February 24, 2021, Fry’s Electronics began officially winding down operations and closed their e-commerce business. Their locations were known for excessive levels of sci-fi detail, the most notorious being an Aztec themed location in Arizona and a NASA themed location in Houston. 

The Real Real Expanding Store Fronts

The RealReal has opened 2 new locations.  Courtney Hawkins, vice president of retail at The RealReal, said they saw a significant opportunity in Southern California after opening their West Hollywood location. This brings The RealReal’s total location count to 13, including 4 locations in New York and 5 locations in California.

Could Gamestop Stock Squeeze Impact Stores?

With close to 1900 locations across the United States, landlords with Gamestop locations have been watching the stock market closely over the past few weeks. Although Gamestop has not fundamentally changed the way they do business, their stock prices have soared by 2,752% since January 1.

Retailsphere Advanced Search Revolutionizes Prospecting; Adds Export Feature

Retailsphere is once again changing the way you search for new tenants. This time, we’ve updated our search features, adding multiple ways to get to retailer data faster and more advanced search options.

Belk Files for Bankruptcy

Charlotte, NC based Belk officially files for Chapter 11 bankruptcy after 190 years in business. Sycamore Partners, the brand’s owner said that Belk will operate normally during the bankruptcy process. 

American Eagle Plans 200 Mall Store Closures over next few years

CFO Mike Mathias recently told investors that American Eagle Outfitters (AEO) would close 200 - 250 American Eagle locations over the next 3 years. The majority of these locations are mall based, with around 50 locations already slated for closure this year. Mike Mathias, AEO CFO, said that these locations were "chosen based on lease tenure, mall profile, proximity to other stores, and customer engagement levels.”