In The News

Facing Skyrocketing Bills, South Florida Condo Owners Are Now Knocking On Developers' Doors

Published Monday, October 13, 2025

Condo owners across South Florida are taking buyouts into their own hands as mounting repair bills, insurance hikes, and looming reserve deadlines push older buildings toward financial crisis. Following Florida’s strict post-Surfside recertification laws, many associations face skyrocketing HOA fees — in some cases from $800 to $2,000 per month — leaving owners eager to sell to developers. Despite a short extension under House Bill 913, costs remain overwhelming, and buyouts can take years as developers grow more selective and cautious. Industry experts say unity among owners is key to moving deals forward as the condo buyout trend reshapes Miami’s skyline.

Most retail, hospitality employers prepared for worker organizing

Published Friday, October 10, 2025

Retail and hospitality employers are better prepared than most industries to handle unionization efforts, according to Littler’s 2025 Labor Survey. While 36% of non-unionized employers overall say they are “not prepared at all,” that number falls to just 19% in retail and hospitality. Employers in these sectors are more likely to train frontline managers (76% vs. 52% overall), but few have strike contingency plans or detailed bargaining strategies. The report also highlights Gen Z’s growing influence, with younger workers driving demand for more input in business decisions, as well as unions’ increasing use of digital campaigns, social media, and public demonstrations to organize.

SEC says former RadioShack buyer ran a Ponzi scheme, unprofitable brands

Published Wednesday, October 8, 2025

The SEC has accused Retail Ecommerce Ventures (REV) co-founders Tai Lopez and Alexander Mehr, along with COO Maya Burkenroad, of running a $112 million Ponzi scheme. Regulators allege the executives misled investors about the profitability of their retail portfolio — which included RadioShack, Pier 1 Imports, Dress Barn, and Stein Mart — while misappropriating funds for personal use. Despite public claims of strong performance, internal records revealed steep losses across REV’s brands. The lawsuit, filed in Florida, seeks civil penalties and a jury trial.

Consumer confidence declines to five-month low in September on job worries

Published Monday, October 6, 2025

U.S. consumer confidence slipped in September to its lowest point since April, reflecting growing worries about jobs, inflation, and the broader economy. The Conference Board’s Consumer Confidence Index dropped to 94.2, with job availability and current financial conditions seeing sharp declines. Inflation remained the top concern for households, while recession fears ticked higher. Despite weaker intentions to buy cars and travel, home-buying plans climbed to a four-month high, and electronics like smartphones saw increased demand.

Forever 21 may open stores in the US, after all

Published Friday, October 3, 2025

Forever 21 may have closed all of its U.S. stores after bankruptcy, but a comeback is already in motion. Authentic Brands Group, which owns the fast-fashion label’s IP, has secured new e-commerce and wholesale deals and is now in advanced talks with a retail partner to bring physical locations back to the U.S. While details remain under wraps, the move signals ABG’s strategy to balance Forever 21’s digital presence with a renewed brick-and-mortar footprint—aiming to keep the brand relevant in both shopping malls and online marketplaces.

RCS secures lease agreements to keep Claire's stores open

Published Wednesday, October 1, 2025

Claire’s, the iconic teen accessories retailer, is getting a new lease on life—literally. Following its $140M+ acquisition by private equity firm Ames Watson, RCS Real Estate Advisors has been tapped to reshape the brand’s store footprint, securing more than 800 finalized leases with the potential to expand to 950 locations across major U.S. and Canadian markets. Once weighed down by bankruptcy and growing competition from online players like Shein and Temu, Claire’s is now positioning itself for a fresh chapter—preserving jobs, revitalizing stores, and modernizing its brand for the next generation of shoppers.

Lululemon’s ‘downward spiral’ — and how the brand plans to break out of it

Published Monday, September 29, 2025

Lululemon, once the undisputed leader in premium athleisure, is facing a wake-up call: consumers are calling its assortment predictable, competitors like Alo and Vuori are gaining traction, and even Costco’s dupes are stealing attention. While the activewear category overall is growing, Lululemon’s slower trend adoption, reliance on core products, and muted casual offerings have left the brand vulnerable. Now, with sales softening in North America and analysts warning of cracks in its core, the retailer is doubling down on innovation—promising to increase new styles, lean into AI-driven product design, and recapture the excitement that made it a powerhouse. Whether this strategy is enough to keep its $100 leggings a must-have remains to be seen.

No US stores in Forever 21’s comeback plans

Published Friday, September 26, 2025

Forever 21 is entering a new phase after its U.S. operator filed for bankruptcy and shuttered all stores earlier this year. Authentic Brands Group has secured three fresh partnerships to keep the brand alive digitally and in wholesale: Unique Brands will oversee U.S. e-commerce and men’s wholesale, Mark Edwards Apparel will manage women’s wholesale, and Kidz Concepts will handle kidswear. While its U.S. brick-and-mortar era has ended, Forever 21 continues to reach consumers through online channels, wholesale, and select international pop-ups. Still, the brand faces tough competition from low-cost rivals like Shein and Temu, as well as shifting consumer habits — making this digital-first revival a challenging but strategic next chapter.

Recent News

Petco loses millions due to loyalty program

Petco's relaunch of the Petco Perks loyalty program weighed on net sales after customer point redemption volumes far exceeded initial projections, with a mid-single-digit millions of impact on sales. The redesigned program, intended to remove friction and boost customer engagement, achieved success in driving redemptions—perhaps too much. Members earning 10 points per dollar on most products and 30 points per dollar on private label brands redeemed rewards at volumes that dragged second quarter sales, which otherwise would have tracked above outlook. The pet retailer quickly implemented guardrails to control redemption velocity and plans to refocus on personalization capabilities for long-term growth. Despite the early challenges, Petco reported its second consecutive quarter of same-store sales growth, up 0.6% year-over-year in Q2 2026, improving from four quarters of comparable declines in 2025.

QVC Group exits Chapter 11, CEO steps down

QVC Group has exited Chapter 11 bankruptcy with its debt reduced by over $5 billion and access to a new $600 million asset-based lending facility. As part of the restructuring, CEO David Rawlinson stepped down from the top role and was succeeded by Mike George as interim chief executive officer and board chair, effective immediately. George previously served as president and CEO of QVC Group for 16 years, from 2006 until his retirement in 2021. QVC Group's common stock has been approved for trading on Nasdaq under the ticker QVCG. The Chapter 11 exit was completed in less than four months after filing in the spring of 2026, representing a relatively swift restructuring timeline. The company has repositioned itself with a digital-focused strategy emphasizing live social shopping expansion across multiple platforms.

Simon poised to rake in millions more in rent thanks to Saks Global closures

Saks Global's Chapter 11 bankruptcy filing has proven beneficial for Simon Property Group, which saw 1 million square feet of space vacated—almost entirely from Saks Off 5th closures—yet maintained occupancy levels equal to the end of Q1 as new tenants filled the space at higher rents. While Saks Off 5th had been paying $18 million in annual rent before ceasing payments after bankruptcy, Simon Property is confident new tenants will pay significantly higher rent, with initial base rent from new leases up 17% year-over-year through Q2 2026. Simon Property expects to collect $30 million in rent from new tenants filling just half of the closed Saks Off 5th stores in its portfolio, compared to the $18 million Saks Off 5th was previously paying. The landlord's $100 million investment in Saks Global's merger with Neiman Marcus gave Simon strategic leverage to exit or renegotiate unfavorable lease terms.