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Manhattan retail leasing rebounded smartly from the pandemic and continues to strengthen, according to a detailed survey by the Real Estate Board of New York. Many fewer storefronts in 16 prime “corridors” tracked by the organization were vacant in the second half of 2025 than in the previous six months as Soho, Flatiron and upper Madison […]
Vornado Realty Trust’s PENN District transformation is poised to grow by another whole block. The powerful REIT plans to create what a source called a “cohesive street-level experience” on both sides of Seventh Avenue between West 33rd and 34th streets, replacing what Vornado chairman Steve Roth recently called “junky retail.” Vornado quietly bought up one parcel after […]
January is fantasy season for Manhattan’s retail-leasing scene. Leading brokerages and business improvement districts want us to believe that long-vacant storefronts are filling up like crazy and tenants who delay to make deals will be left out in the cold. However, what we see with our eyes is a situation much less cheery than institutional data […]
Meme stock GameStop, once a dominant brick-and-mortar video game retailer, is continuing to close more stores in 2026. The retailer, whose business model was threatened by digital adoption in the gaming industry, closed 590 stores nationwide in fiscal 2024 and said that it plans to close a “significant number of additional stores” in its 2025 fiscal year, […]
Sopa Images | Lightrocket | Getty Images Kyle Dijamco is a proud member of Palantir Technologies‘ fast-growing retail investor base. The Los Angeles-based marketer has bet big on the defense tech stock, even increasing his exposure after a drawdown earlier this year. The 31-year-old’s position now stands at roughly $25,000. “It’s an exciting stock to […]
Build-A-Bear Workshop wasn’t always a retail winner. The toy store, known for its interactive experience of building and accessorizing stuffed animals, has gone through a significant turnaround since CEO Sharon Price John took the helm of the company over a decade ago. “When I first came in 2013, that assessment of the brand was strong,” […]
Carly Xie looks over facial mask items at the Face Shop, which specializes in Korean cosmetics, in San Francisco, April 15, 2015. Avila Gonzalez | San Francisco Chronicle | Hearst Newspapers | Getty Images On a recent Saturday at an Ulta Beauty store in midtown Manhattan, Denise McCarthy, a mother in her 40s, stood in […]
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. At Ares Management’s analyst day last month, the alternative asset manager quietly bumped up its […]
US retail sales showed surprising strength during the back-to-school season – a sign that Trump’s tariffs haven’t yet cowed shoppers as the Federal Reserve weighs a decision on cutting rates. Excluding cars, retail sales rose 0.7% in August from the previous month– far above estimates of a 0.4% rise, the Commerce Department said Tuesday. Overall […]
The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending. “It’s a lot better news than where […]
