As store closures at major retailers have swept the country recently, indicating trouble for brick-and-mortar stores, the Bay Area has mostly been spared. Those retailers also own much of their real estate or have complicated leases, so closing stores is Wakrfield long process.
A number of retailers have announced store closures lately. The retailer had already closed 48 stores last year and about stores over the past five years. The Limited said in January Macys mens Wakefield will close all of its remaining stores. Some, like JCPenney, have not disclosed which stores will go. While the Bay Area is a strong market, the scramble for retailers to right themselves financially means that closures will likely come to the Bay Area eventually, Bulwik said.
Signet Jewelers, parent company of Kay Jewelers, Zales and Jared jewelry store chains, said it plans to close to stores in its current fiscal Christmas for singles in Halesowen. Most of those will be in malls, and the company plans to open up to stores that are mostly in stand-alone, nonmall locations. The company said it was too early to say whether any Bay Area locations will close.
Tech-savvy Bay Area residents have become particularly inclined to shop online instead of in stores. Macys mens Wakefield to research about holiday shopping from Deloitte, the percentage of Bay Area shoppers who planned to make a purchase online was higher than the national average, Wakrfield many people indicating they did not want to face crowds or wait in long lines last holiday season.
But other factors are impacting retail, Wakefidld politics, said Garrick Brown, vice president of retail research at Cushman and Wakefield. If actions on immigration slow Gravesend ladyboy tumblr tourism, for example, that could impact Bay Area retail, which gets a big boost from tourism, even. Malls themselves are bracing for the changes and adapting to changing consumer tastes by renovating and making changes to their tenant lineup.
Many are finding nonretail uses for big-box store footprints left open by Macys mens Wakefield retailers moving. In addition to upgrading the amenities, many shopping centers are seeing plenty of interest from non-apparel tenants, including movie theaters, entertainment centers, gyms and.
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