Drugstore chain says it has potential national, regional buyers for assets Rite Aid says it has interest from potential national and regional buyers. (CoStar) By Linda Moss CoStar News May 5, 2025 | 6:14 P.M. Troubled pharmacy chain Rite Aid has filed for bankruptcy protection again, but this time it’s looking to sell its stores or […]
For first time since pandemic, near-term outlook for retail demand turns negative
CoStar Insight Despite sector reacting to recent bankruptcies, retail execs remain optimistic The bankruptcies and store closings of several retailers, including Party City, drag down demand for retail space, though given supply-constrained conditions, other retailers are expected to backfill the space that becomes available. (Getty Images) By Brandon Svec CoStar Analytics March 28, 2025 | 1:27 […]
Dollar Tree to sell Family Dollar for $1 billion, a fraction of what it paid
Private equity deal marks loss for discount giant after decade-long turnaround effort Dollar Tree acquired Family Dollar for $9 billion in 2015. (CoStar) By Linda Moss CoStar News March 26, 2025 | 9:55 AM Discount giant Dollar Tree is offloading Family Dollar at a bargain basement price, roughly $1 billion, after spending about a decade of […]
Dollar General set to close about 100 urban stores
Discount giant will also shutter 45 PopShelf shops Discount giant Dollar General has about 20,600 stores but is trimming its footprint slightly. (CoStar) By Linda Moss CoStar News March 13, 2025 | 4:30 P.M. Discounter Dollar General is joining the ranks of other retailers in closing some urban locations, with plans to shutter roughly 100 namesake […]
Walgreens goes private in $10 billion deal to drive turnaround
Drugstore giant enters buyout agreement with Sycamore Partners Walgreens Boot Alliance has 12,500 retail pharmacy locations in the United States, Europe and Latin America. (CoStar) By Linda Moss CoStar News March 6, 2025 | 7:19 P.M. It’s a tumultuous time for struggling U.S. drugstore chains, and Walgreens Boots Alliance is trying to execute its turnaround by […]
Commercial property prices show signs of stabilizing
Sales increase as buyers and sellers move closer on values, CoStar data shows The potential end of a long slide in commercial property price declines is coming into view. (iStock) By Mark Heschmeyer CoStar News February 28, 2025 | 4:31 P.M. New signs are emerging of a possible bottom to a more than two-year run in […]
Torrent of US store closings surges on as crafts retailer Joann to shut 500 stores
Chain looks to shed more than half its locations Joann’s second bankruptcy filing in less than a year is resulting in a wave of store closings. (CoStar) By Linda Moss CoStar News February 12, 2025 | 4:15 P.M. This year’s surge of U.S. store closings is raging on unabated, with sewing-crafts retailer Joann now planning to […]