The department store business model isn’t quite working in our current retail environment, so two of the country’s larger chains are thinking about taking on some roommates to help pay the bills. Both Kohl’s and Macy’s plan to do business in a smaller part of their existing stores if someone will rent them. [More]
for rent
Feds Halt Phony Rental Home Scheme That Raked In Millions In Bogus Credit Check Fees
By 1.18.17
For years now we’ve been warning consumers about the apartment rental credit check scam: a scheme where homes (that may not even exist) are listed online with the sole purpose of tricking prospective renters into paying for “credit checks” that will never be done. Today, federal regulators announced they had put a stop to one company accused of using bogus listings and fees to swindle millions out of hopeful tenants. [More]
The Apartment Rental Credit Check Scam Is Alive And Well
By 6.24.15 — Updated: 5.23.17
Six years ago, we alerted the world to the apartment rental credit check scam. That’s a scheme where apartments or houses that may or may not exist are advertised on Craigslist or other classified ad sites to sell not-so-free credit checks to prospective renters. Unfortunately, in spite of our campaign and warnings right on Craigslist ads, these schemes are alive and well. [More]
Sears Distribution Center In Mississippi Available For Lease, No One Will Say Why
By 12.10.14
Great news if you’re in the market for 800,000 square feet of warehouse space: the owner of the building in Mississippi where Sears houses a distribution center is reportedly quietly marketing the facility. Why? Where is Sears going? The company that owns the building won’t say, and of course neither will Sears. [More]
Pretty Much Every Sears And Kmart Store Is For Rent Right Now
By 6.29.14
Sears Holdings Corporation, the company that runs Sears and Kmart, has a problem. They have a lot of real estate, and not enough sales to keep all of that real estate busy. One solution is to close stores as they underperform or as their leases expire, which is what the company has been doing. Another solution? Rent out that space. For the right customer, virtually every Sears and Kmart store is up for grabs. [More]
Amazon To Annoy Even More Book Stores With Textbook Rental Plan
By 8.6.12
Now Amazon just seems to be toying with the retail book stores of America. The online behemoth has long been hated by many bricks-and-mortar booksellers for the hugely discounted prices it charges on books and other items traditionally sold in book stores. And then there’s Amazon’s Kindle e-book reader which some stores blame for dropping sales. Now Amazon is getting into one business still dominated by college book stores: textbook rentals. [More]
