Simon Property Group is at it again. Two years ago, Simon took the shopping center world by storm when it obtained an injunction preventing Starbucks Corporation from shuttering 77 of its Teavana stores in Simon malls across...more
12/18/2020
/ Abercrombie & Fitch ,
Business Closures ,
Commercial Leases ,
Commercial Tenants ,
Contract Terms ,
Landlords ,
Rental Property ,
Retailers ,
Shopping Centers ,
TRO ,
Unenforceable Contract Terms
The shopping center world is abuzz with the recent decision in the Simon Property Group L.P. v. Starbucks Corporation decision, which prevented Starbucks from shuttering 77 of its Teavana stores in Simon-owned or managed...more
The retail industry has faced significant challenges this year. In 2017, more than 5,000 retail stores closed their doors, many of them portfolio-wide closures by well-known department-store chains who were synonymous with...more
As some retail tenants face failing business – or worse, have already shuttered their stores – shopping center owners and managers must deal with the aftermath. The wreckage of a failed retail business often includes the...more
Shopping centers are not dying. The retail landscape is changing, however, and so too are shopping centers. Retail stores have been closing at a breakneck pace, and Wall Street seems to think the worst is yet to come....more