Strong getting stronger: Retailers scouting property amid COVID
Stephanie Hughes, BNN Bloomberg VIDEO SIGN OUT
Amid shuttering storefronts and business closures, the pandemicâs small business devastation has brought discount real estate opportunities for retailers with bulked-up balance sheets.
One of the companies picking up on this trend is Aritzia Inc. RBC analysts Irene Nattel, Alex Carette, and Martin Gravel found that the âcurrent environment is likely to surface compelling real estate opportunitiesâ for the company, expecting this expansion to drive stronger returns.
Aritzia Chief Executive Officer Brian Hill described in a broadcast interview on Friday how new leases will help bolster the companyâs performance through 2021. âWeâre continuing to open and sign lease deals. Weâve never seen real estate opportunities like weâve seen right now,â he said.
Strong getting stronger: Retailers scouting property amid COVID
Stephanie Hughes, BNN Bloomberg VIDEO SIGN OUT
Amid shuttering storefronts and business closures, the pandemicâs small business devastation has brought discount real estate opportunities for retailers with bulked-up balance sheets.
One of the companies picking up on this trend is Aritzia Inc. RBC analysts Irene Nattel, Alex Carette, and Martin Gravel found that the âcurrent environment is likely to surface compelling real estate opportunitiesâ for the company, expecting this expansion to drive stronger returns.
Aritzia Chief Executive Officer Brian Hill described in a broadcast interview on Friday how new leases will help bolster the companyâs performance through 2021. âWeâre continuing to open and sign lease deals. Weâve never seen real estate opportunities like weâve seen right now,â he said.