10 Things in Retail You Need to Read Today
We're on the brink of the holiday season, meaning that the retail sector is going to be booming with news. Here are 10 stories you should know about:
1. Outdoor recreation and sporting goods giant REI is making a bold move, announcing that it's going to be closed on Black Friday. (Yes, you read that right.) [Forbes]
2. Is experiential retail the new edge against competition? [GS]
3. The SEC will vote tomorrow on the decision to allow retail investors to invest in private companies via crowdfunding. [MW]
4. Walgreens is nearing a deal to buy Rite Aid in what will birth a drugstore monster. [Bisnow]
5. Listen up, mall developers. An Apple store may be the secret to having a top-grossing mall. [Bisnow]
6. Amazon.com's shares are seriously outperforming all other retailers. [CNBC]
7. In addition to REI, other specialty retailers are stepping back from the Black Friday frenzy. [WSJ]
8. Retail condos are becoming an investor fave. [NREI]
9. Brooklyn might be a gold mine for untapped retail revenue. [TRD]
10. Sorry retailers, but Westfield World Trade Center is completely booked. [TRD]
