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Throughout time we have seen the rise and fall of many well-known retailers, companies so successful that no one thought they could fail. Unable to keep up with changes in the market, they lost their competitive edge in the world of retail. Some names that come to mind are Woolworth's, Toys 'R' Us, Radio Shack, and most recently Payless ShoeSource.
Recently the shoe selling giant has filed for Chapter 11 bankruptcy protection, which involves the shuttering of all 2,500 United States retail locations as well as its online business. International locations, mainly in Latin America, will continue to operate as usual. These recent developments seemingly will not come as a surprise to someone to keeping a watchful eye on the market as evidenced by other companies filing bankruptcies in recent years.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
