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

Aldi to open 180-plus stores in 2026, launch new e-commerce site

Discount grocer Aldi plans to open more than 180 new stores across 31 states in 2026, celebrating its 50th anniversary in the U.S. and pushing toward its goal of 3,200 stores by 2028. The expansion includes entering Maine as its 40th state with a Portland location, launching a five-year Colorado expansion plan with 50 stores in Denver and Colorado Springs, and converting close to 80 Southeastern Grocers locations to the Aldi format. Aldi will launch a redesigned website early in 2026 featuring tailored product recommendations for easy reordering, expanded nutritional information, shoppable recipes, and meal planning tools to support both curbside pickup and home delivery. The company plans to open three new distribution centers over the next three years in Baldwin, Florida; Goodyear, Arizona; and Aurora, Colorado, as part of its $9 billion investment through 2028. 

Claire's plans tech upgrades despite financial setbacks

Mall jewelry and accessories retailer Claire's is planning technology upgrades for 2026, including more seamless data and application integrations and implementation of a modern point-of-sale platform to enhance customer in-store experiences. In 2025, the company focused on transformation and modernization, achieving technology-related cost reductions including a 48% year-over-year reduction in Microsoft Azure cloud spending through automation and improved governance, while also optimizing Microsoft 365 licensing and accelerating store technology refreshes. Looking ahead to 2026, Claire's plans to upgrade legacy systems, deliver faster data integrations, and implement modern POS platforms, with technology positioned as a growth engine rather than just an enabler. The technology transformation comes as the company works to reduce costs and regain its market footing following financial challenges.

Saks Global does not rule out bankruptcy

Saks Global is not ruling out Chapter 11 bankruptcy as a last resort while exploring all potential paths to secure financial stability. The luxury retail conglomerate, which owns Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus, and Bergdorf Goodman, faces a more than $100 million debt payment due at the end of December and has been weighing emergency financing options or asset sales. The company missed an interest payment of over $100 million and is in talks with creditors to secure financing for the bankruptcy process, while it has been struggling with rising inflation and weakening consumer demand for luxury items. The financial troubles come after Saks raised billions of dollars last year to finance its acquisition of Neiman Marcus, which was intended to create a technology-powered luxury retail company backed by investors including Amazon, but the deal placed the company deeper in debt.