Industry News

Blackstone is finalizing a $4 billion acquisition of Retail Opportunity Investments Corp. (ROIC), a REIT specializing in grocery-anchored shopping centers. The deal will be backed by a commercial mortgage-backed securities (CMBS) loan, reflecting strong investor demand for necessity-based retail as interest rates stabilize.

Following Party City’s Chapter 11 bankruptcy and liquidation, Dollar Tree and Five Below emerged as the top bidders for the retailer’s store leases. While the auction secured bids for around 250 locations, nearly 700 leases remained available, highlighting ongoing challenges in filling vacant retail spaces.

Kohl’s has announced plans to close 27 stores across 15 states and an e-commerce fulfillment center in San Bernardino, California, by mid-2025. This move comes as the retail giant grapples with ongoing challenges in a competitive and evolving industry landscape.

Walgreens has announced plans to close 12 stores in San Francisco next month as part of its effort to control rising costs and streamline operations. This move is part of a broader nationwide plan to close 1,200 underperforming stores over the next three years.

Party City, once the leading specialty retailer for party supplies and decorations, announced that it will be closing all of its stores and liquidating its assets as part of its Chapter 11 bankruptcy proceedings. The decision follows years of financial struggles, increased competition, and changing market dynamics that ultimately proved insurmountable.

Dollar General plans to open nearly 600 new stores in 2025, scaling back from the 730 locations slated for 2024. This reduction comes as the company shifts its focus to larger store formats, aiming to provide an expanded selection of products to better meet customer needs.