Thursday, May 28, 2020
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Global retail commercial real estate news including shopping centers, fashion or specialty malls, outlet malls, mixed-use, small grocery, pharmacy, few restaurants or clothing stores.

Klépierre reopens majority of shopping centers in Europe

Klépierre reopens majority of shopping centers in Europe

European shopping malls investment and management company Klépierre announced that the vast majority of its shopping centers have reopened in Europe.
Facebook Canada launches grant program and new supports for small businesses

Facebook Canada launches grant program and new supports for small businesses

Facebook Canada today unveiled several new initiatives to support small businesses impacted by COVID-19. The announcement includes nearly $3.5 million in grants,...
Legal & General sells London retail asset for £25m

Legal & General sells London retail asset for £25m

Legal & General, on behalf of its BMW (UK) Trustees fund, has sold 36-46 St John’s Road, Clapham Junction, a prime London...
Amazon announces five new utility-scale solar projects to power global operations in China, Australia, and the U.S.

Amazon announces five new utility-scale solar projects to power global operations in China, Australia,...

The five projects include Amazon’s first renewable energy project in China, second in Australia, second and third in Ohio, and 12th in the...
IKEA’s shopping malls business plans to enter US retail market

IKEA’s shopping malls business plans to enter US retail market

Swedish home furnishings retailer IKEA’s shopping malls business, Ingka Centres, plans to enter the United States retail market in the coming years...
JCPenney files for bankruptcy

JCPenney files for bankruptcy

JCPenney has filed for Chapter 11 bankruptcy on Friday. The 118-year-old company announced it has entered into a restructuring support agreement(RSA) with lenders...
Williams-Sonoma extends temporary closure in US and Canada

Williams-Sonoma extends temporary closure in US and Canada

Williams-Sonoma, a specialty retailer of products for the home, announced that it will extend its temporary closure of U.S. and Canada stores...
April retail sales drop nearly twice as much as March during coronavirus pandemic

April retail sales drop nearly twice as much as March during coronavirus pandemic

Retail sales dropped almost twice as much during April as they did in March as the nation’s economy saw its first full...
NIKE, Inc. provides COVID-19 update on operations

NIKE, Inc. provides COVID-19 update on operations

As of today, 100 percent of NIKE-owned stores and over 95 percent of partner stores in Greater China and South Korea are...
intu completes sale of intu Puerto Venecia shopping centre in Spain

intu completes sale of Puerto Venecia shopping centre in Spain

intu properties plc has completed the previously announced sale of its interest in the intu Puerto Venecia shopping centre in Spain to Generali...

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