Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers
Publishing timestamp: 2023-04-28 07:25:13
Summary
Bed Bath & Beyond's bankruptcy and expected store closures present an opportunity for other retailers and companies to expand and grab prime real estate in high-traffic suburban areas. The off-mall shopping center market is hot, with low vacancy rates and demand from a mix of stronger retailers, including discounters, off-price retailers, direct-to-consumer players, and traditional mall retailers. Former Bed Bath & Beyond locations could be filled by a variety of businesses, including drugstore chains, grocery stores, gyms, and off-price banners. Real estate firms and retail industry watchers expect retailers to continue expanding at a similar pace this year, despite rising interest rates and a choppier economy.
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Source: https://www.cnbc.com/2023/04/28/bed-bath-beyond-store-closures-land-grab.html