In The News

How retail landlords are finding revenue beyond the rent roll

Published Friday, May 8, 2026

Retail landlords are shifting their strategy from being passive real estate owners to active operators, looking for revenue streams beyond traditional rent rolls. As retail properties are increasingly viewed as "community infrastructure," landlords are monetizing foot traffic, physical space, and data through five key methods

Spirit Airlines' Shutdown Puts $250M Broward HQ In Limbo

Published Wednesday, May 6, 2026

Spirit Airlines has officially ceased all operations as of May 2, 2026, leading to the immediate shutdown of its newly completed global headquarters at Dania Pointe in Broward County, Florida. This final collapse follows years of financial instability, two prior bankruptcy filings, and a failed federal bailout attempt.

Landlords Are Being Sued More Than Ever, Pushing Liability Insurance Up

Published Friday, May 1, 2026

Commercial property owners are facing a sharp spike in liability insurance premiums, driven by a dramatic surge in lawsuits and a trend known as "social inflation." The report highlights that federal tort cases, particularly premises liability claims like slip-and-falls and wrongful deaths, rose 20% between 2022 and 2024. This litigation wave has caused general liability rates to spike by as much as 30% in recent months.

CoStar: Retail rent growth slows to 1.9% in Q1

Published Tuesday, April 28, 2026

U.S. retail asking rent growth has significantly moderated, slowing to +1.9% year-over-year in Q1 2026. This marks the slowest pace of growth in over a decade and continues a downward trend that began in 2024. While the retail sector remains fundamentally healthy with low vacancy rates, the market is shifting from post-pandemic highs toward a "new normal.

Walmart to remodel 650-plus stores in 2026; details new openings

Published Friday, April 24, 2026

Walmart has unveiled an aggressive expansion and modernization plan for its 2026 fiscal year, focusing on enhancing its physical footprint to meet evolving consumer habits. The retail giant plans to remodel more than 650 stores (including Supercenters and Neighborhood Markets) and open approximately 20 new locations across North America through early 2027.

AI Is Rewiring Underwriting, But Can Real Estate Trust It?

Published Wednesday, April 22, 2026

The commercial real estate industry is facing a significant "trust gap" when it comes to delegating high-stakes financial decisions to AI. While AI can process data at lightning speeds, industry leaders remain hesitant to let algorithms lead the underwriting process for multi-million dollar deals.

7-Eleven says it's closing 645 US stores in the next year

Published Friday, April 17, 2026

7-Eleven is set to close 645 stores across North America (the U.S., Canada, and Mexico) during its 2026 fiscal year, which runs through February 2027. This move is part of a massive strategic "optimization" by its Japan-based parent company, Seven & i Holdings, to boost profitability and modernize its retail footprint.

Trust, privacy concerns holding back consumers from AI shopping tool adoption

Published Wednesday, April 15, 2026

The adoption of AI-driven shopping tools is currently hindered by a significant gap in consumer trust and privacy concerns. While interest in AI is high, only 39% of Americans trust AI agents to handle everyday purchases, and even fewer (34%) are comfortable using them for larger items.

The report highlights a "privacy paradox": consumers want the convenience and personalization AI offers, but are deeply skeptical of how their data is used. Key barriers include:

  • Transparency: A lack of clarity on how AI models process personal data.

  • Accuracy: Fears that AI might make incorrect purchasing decisions or provide poor recommendations.

  • Security: Concerns regarding data breaches and the potential for financial fraud.

For retailers to bridge this gap, the study suggests focusing on "Responsible AI"—demonstrating ethical data usage, providing clear opt-out options, and ensuring that the AI provides a tangible benefit that outweighs the perceived privacy risk.

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.