Washington Prime Group intends to convert the former Sears location in Morgantown Mall in Morgantown as a logistics, distribution and fulfillment center for the West Virginia University Medicine network.
From understanding exactly who the Pier 1 audience is on a store-by-store basis to examining how to best capitalize on this closure, brands in this space are being presented with a chance to drive real value by filling the gap for these consumers.
Amazon has emerged for a potential buyer of bankrupt department store J.C. Penny, the e-commerce giant's latest foray into acquiring a brick-and-mortar retailer.
A new report from CBRE shows that disruptions to the supply chain caused by the pandemic will create demand for up to 500 million square feet of industrial space.
The coronavirus pandemic is accelerating innovations in supply chains, such as "contactless everything," robotics in warehouses, more cold storage warehouses, and autonomous vehicles for delivery.
Ever since JC Penney filed for bankruptcy earlier this month, rumors have swirled around potential buyers. The latest—and most dissected by insiders—is Amazon.