Seven Must Reads for the CRE Industry Today (March 6, 2021) Burlington Stores and Saks Fifth Avenue each announced changes to their retail strategies. Commercial Observer looks at whether recent scandals surrounding New York Gov. Andrew Cuomo have implications for real estate. These are among today’s must reads from around the commercial real estate industry.
Burlington Stores to open 100 stores in 2021; cites ‘significant market share opportunity’ “The off-pricer, which ended the year with 761 stores nationwide, expanded its long-term store count potential to 2,000 stores, up from its previous target of 1,000 stores. It expects to open 100 new locations in its current fiscal year. In expanding the target, Burlington cited its new smaller store format and “the opportunity presented by accelerating retail disruption and industry-wide store closures” (