By Michael Wiener, President of ExcessSpace Retail Services Not all landlords agree that tenants have leverage regarding the negotiation of lease terms. While the future remains uncertain especially due to a number of factors including rising interest rates, supply chain Read more…
Sales volume is improving at many shopping centers, despite customers’ briefer store visits. The trend runs contrary to a retailing maxim that longer dwell time goes hand in hand with increased spending. The shift has landlords wondering whether the trend Read more…
Over the last year, state legislatures across the country have been focused on pandemic recovery efforts, business continuity and budgets. ICSC has weighed in on specific legislation that seeks to change various provisions of a commercial lease for businesses impacted Read more…
Starbucks has been making noise about its artificial intelligence (AI) projects of late – and specifically how they can be applied into marketing and customer experience activities. Speaking to analysts following the company’s Q4 2019 earnings release at the end Read more…
Don’t believe the hype — physical retail is still growing, particularly in three key segments. Retailers are opening 4,080 more stores in 2017 than they are closing, according to a new research report from IHL Group, and they plan to open Read more…
EAST LONGMEADOW, Mass., July 13, 2016 — Many retail CFOs are seeing that occupancy costs as a % of sales have grown significantly in the last few years and are seen as a major obstacle to achieving the profitability targets CEOs Read more…
Retailers might soon be forced to recognize a higher lease liability on their balance sheets. John Meedzan of Technology Management does a great job explaining: The Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) (collectively Read more…
Why can’t my internal accounting team perform my lease audit? Because lease auditing is a real estate function, not an accounting issue. You need the knowledge and experience necessary to uncover and successfully recover variances from real estate industry standards. Read more…
Ahhh, the joys of managing leases. It’s like herding cats through a field of mice sometimes. Even though I’m a “dog guy”, we have 2 spoiled, lovable cats that I sometimes think were landlords in a past life, only without Read more…