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Cedar Woods sells Williams Landing Shopping Centre for $60 million

Inside Retail

The shopping centre has a Woolworths supermarket, 30 specialty stores, a childcare facility, and two levels of office space. The property development company expects a net profit tax of about $16.8 million directly from the sale, most of which will be realised this year.

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Analysis: a perfect retail storm is brewing

Inside Retail

With landlord abatements now coming to an end, some retailers are also reporting rental increases of around 5 per cent for specialty stores and 4 per cent for large store chains. Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent in June 2020.

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Meijer opens three new supercenters

Mass Relators

Located in Seven Hills and Boardman, Ohio, and Westfield, Indiana, the new stores promise “a state-of-the-art shopping experience,” providing customers multiple ways to shop in a specialty store environment. ” The post Meijer opens three new supercenters appeared first on MMR: Mass Market Retailers.