The winners of the bankruptcy auction for teen clothing retailer Aeropostale weren’t a competing clothing chain or another retailer hoping to get into the teen clothing biz: it was a joint venture by mall landlords, who apparently didn’t want to face another hole in their shopping centers left by a bankrupt retailer. [More]
general growth properties
Aeropostale Receives A Bid That Would Keep At Least 229 Stores Open
By 8.31.16
Aeropostale, a teen-focused clothing retailer, filed for bankruptcy earlier this year, and since then its continuing existence has been in question. Its business assets are up for auction this week, and the retailer reports that a bid has come in that would keep the doors open and the jeans flowing onto store shelves. [More]
Mall CEO’s Comment About Amazon Stores Not Meant To Represent Amazon’s Actual Plans
By 2.3.16
Yesterday, everyone from book lovers to Barnes & Noble shareholders reacted to a tiny piece of news about Amazon during another company’s routine earnings call. The CEO of mall operator General Growth Properties told listeners that one factor affecting the future of mall traffic would be the 300 to 400 stores that Amazon plans to open in malls nationwide. “The what now?” everyone else on the call said. Now the company has walked back that comment. Sort of. [More]
Report: Amazon Is Planning Hundreds Of Physical Bookstores Nationwide
By 2.2.16
If you thought Amazon was determined to eventually put all bookstores out of business, that isn’t quite true. Today, a mall CEO let slip that the Everything Store, which began by selling just books, wants to duplicate its real-life bookstore in Seattle across the country. Update: The company has clarified that this was not meant to be a statement about Amazon’s actual plans, but neither company denies the story, either. [More]
