US department stores: Space glut vs productivity gap

US department stores have a tough time ahead – at least that’s according to a new report. They need to close 20% of all anchor space in US malls if they want to return to the productivity levels they had a decade ago, Green Street Advisors claims. The research, reported in The Wall Street Journal,…

Sneak preview: Nordstrom’s New York City store

Can’t wait for Nordstrom to open in New York City? Well the retailer has given us a sneak preview of what its store will look like. Covering four properties in the Columbus Circle neighbourhood of Manhattan along Broadway between West 57th and West 58th Streets, the 363,000 sq ft store should open in 2019.