Shop spree will stuff landlords in bargain bin

Altex Industries

06/01/2022 10:38

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Aimee Donnellan
    LONDON, Jan 6 (Reuters Breakingviews) - Ikea and Amazon are
among the many retailers opening new locations. In theory, it’s
a good sign for mall owners like Unibail-Rodamco-Westfield,
which trade at steep discounts to their assets. Cheap rents and
other freebies, however, mean they’re effectively giving away
the store.
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    CONTEXT NEWS
    - Shoemaker Allbirds, which began mainly as an online
retailer, said it is in the early phase of opening “hundreds of
potential locations in the future,” according to its Aug. 31
initial public offering prospectus. 
    

 (Editing by Jeffrey Goldfarb, Thomas Shum and Karen Kwok)
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