Kirkland’s Inc. is undergoing a major transformation, rebranding as The Brand House Collective, Inc. and shifting from a single-brand retailer to a multi-brand powerhouse. Pending shareholder approval in July, the company will streamline its store footprint and convert many Kirkland’s Home locations into Bed Bath & Beyond Home and Overstock stores, with the first openings planned for the Nashville area in 2025. This bold move includes the launch of Overstock’s first-ever physical store and the development of new concepts like BuyBuy Baby. With a refreshed leadership team and a strategy focused on efficiency, innovation, and growth, the company is positioning itself as a reinvented, performance-driven retail collective.

South Florida condo boards are under pressure to comply with a sweeping safety law passed after the deadly Surfside collapse, requiring structural inspections and reserve studies for buildings 30 years or older. But these evaluations, which can cost upwards of $35,000, are creating tension between cost-conscious condo associations and cautious engineers who risk legal and professional liability. Many engineers are reluctant to take on the work unless they trust the client, fearing lawsuits or disciplinary action. With nearly 90% of Florida’s condos falling under the new rules and only a limited number of qualified professionals, the state faces a growing bottleneck in condo safety compliance.

Major U.S. drugstore chains are in crisis mode as economic pressures and fierce competition have slashed profitability. Walgreens and CVS have already closed hundreds of underperforming locations, with more closures planned in 2025. Rite Aid’s situation is far more dire—it has filed for bankruptcy twice in two years and is now on track to shut down all of its approximately 1,240 stores. Rising costs, high interest debt, and competition from retail giants like Walmart and Amazon’s online pharmacy services are reshaping the pharmaceutical landscape, leaving long-standing chains scrambling for survival.

GameStop’s Q1 performance was a mixed bag — while sales fell 17% year-over-year, the company swung to a surprising $44.8 million net profit, reversing last year’s loss. Store closures and international exits, including Canada and France, helped cut operating losses, and a 54.6% surge in collectible sales boosted gross profit. As GameStop continues shrinking its footprint, it's doubling down on higher-margin items, digital strategy, and even crypto — recently investing $500 million in Bitcoin. With more store closures expected and the Nintendo Switch 2 launch underway, all eyes are on GameStop’s next move.

Tenant demand for office space took a sharp downturn in April 2025, echoing the steep declines seen during the 2023 banking crisis, according to VTS Data. Leasing activity dropped in 17 of 19 major markets, with a 23.2% fall in tenant inquiries and a 26.4% plunge in square footage — the steepest since 2021. Analysts link this slowdown to economic uncertainty following new U.S. tariff policies. While some markets like Austin and suburban Maryland showed resilience, others, including Boston and Silicon Valley, were hit hard. Despite the grim numbers, history offers hope: office demand rebounded quickly in 2023, suggesting a similar recovery could be on the horizon — if policy conditions stabilize.

Franchise Group has officially emerged from bankruptcy as a leaner, debt-restructured company focused solely on two core brands: Pet Supplies Plus and Buddy’s Home Furnishings. After selling The Vitamin Shoppe and shuttering American Freight, the company has rebranded under a new parent entity, Fusion Parent, with the same leadership team in place. This streamlined structure allows the company to refocus on growth, with over 200 new franchise agreements already signed. While the path forward looks more stable, experts note that both remaining banners must sharpen their competitive edge to thrive in a challenging economy.

Tariffs be damned — retail is moving full steam ahead. Despite all the buzz about tariffs at this year’s ICSC Las Vegas, developers and retailers are largely shrugging off the uncertainty. Industry leaders say retailers simply can’t afford to pause expansion, with store openings planned years in advance. The consensus? Tariffs are just another hurdle, not a deal-breaker. Strong sales, aging store fleets, and limited high-quality retail space are driving urgency. Retailers with diversified supply chains are best positioned to weather the storm, and investor appetite remains strong as lenders return to the sector. As one exec put it: “We need 50 new stores — let’s go.”

South Florida developers are navigating a perfect storm of uncertainty, driven by unpredictable tariffs, soaring construction costs, and volatile interest rates. At a recent industry event, top players shared how sudden tariff hikes—like Related Group’s surprise 25% duty on tile imports—can derail project budgets overnight. With banks cautious and international investors hitting pause, developers are turning to private lenders while bracing for slowdowns. Retailers and foreign condo buyers are also staying on the sidelines, wary of unclear economic and political signals. As one expert put it, “Everybody is waiting for something—and nobody knows what we’re waiting for.”