Sheridan Tatsuno’s Post

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities

Walmart Opens Two New Neighborhood Markets, Testing Changes to size, assortment, and more. Two new stores, one in the Dune Lakes area of Santa Rosa Beach, Florida, the other in the Vine City neighborhood of Atlanta, are the first to open under the new initiative. The stores aren’t just new or remodeled. They’re also bigger. With 57,000 square feet of salesfloor and pickup and delivery space, the Dune Lakes and Vine City stores will have a footprint that’s about 17,000 square feet larger than the average Neighborhood Market. The expanded space will allow us to sharpen our focus on value, speed and convenience. Note: the average size of a NHM is about 42,000 sf. Full details on the changes to assortment, layout, and more are included in this from Walmart. https://lnkd.in/gZMBjEyj

Sharing on New WM NHM larger layout: Since 1998, Walmart customers have looked to the convenience of Neighborhood Markets to get what they need. A smaller size meets a stellar assortment, creating a store that places the community at its very center. And that’s not changing. In fact, Walmart recently committed to opening or converting more than 150 stores in the next five years – with the Neighborhood Market format set to benefit. Two new stores, one in the Dune Lakes area of Santa Rosa Beach, Florida, the other in the Vine City neighborhood of Atlanta, are the first to open under the new initiative. The stores aren’t just new or remodeled. They’re also bigger. With 57,000 square feet of salesfloor and pickup and delivery space, the Dune Lakes and Vine City stores will have a footprint that’s about 17,000 square feet larger than the average Neighborhood Market. The expanded space will allow us to sharpen our focus on value, speed and convenience. #Walmart David Fish Bob Hardie Dave Caito Darren Marty

Every square centimetre of high street space is valuable, leading to brands gaining access to coveted retail space via the smallest of storefronts. When it comes to retail, bigger isn’t necessarily better. How are brands maximizing their presence even in just a few square metres? See these four retailers doing so in under 40 sq-m.

This Macy's has been a retail landmark in San Francisco since the 1940s and now it is closing. It's the latest in an endless line of falling business dominos as Americans become less and less prosperous and struggle to afford clothing, food and housing, let alone regularly shopping at fancier places. Reporting from the place on the map that locals call The City is now an endless and sad story of poverty, shoplifiting, the ethical scandal of Americans losing their homes, and business closures. As a longtime Local SEO and local business advocate, I look at this trend and think about economic policy that fails to see that ALL businesses, large and small, fundamentally want a large, prosperous customer base. Right now, we're going in the opposite direction of that, nationwide, and its effects are being felt not just by everyday people, but within the largest economic lobbies. How bad does it have to get before change happens? Thoughts? https://lnkd.in/g-jRKbSh

Oh no! My passionate San Francisco cheerleading is hitting a big bump. Macy's has announced that they will be closing their iconic Union Square store in the next two years. I saw the headline and immediately cringed in anticipation of the onslaught of snide remarks from the San Francisco cynics and naysayers. I will confess that I did have a moment of "what the heck?". Yet if we read the entire article and other similar articles the story is clearly not so much about the woes of downtown San Francisco, thought that is a part of the story. It is primarily another chapter in the story of the evolution of retail in America. I use that term "evolution" literally. It is perfect evidence of our friend Charles Darwin, survivial of the fittest. Macy's has struggled for decades to find their legs as a mass retailer. At one point they were going upscale, then focus on designers, then a push to middle America as the surviving national department store and more recently expansion into off price. The bottom line is that they have never figured out how to truly adapt and move beyond the 20th century (maybe even 19th century) department store legacy. If there have been recent questions, these announcement prove it, Macy's is essentially going out of business. They will continue to cut costs, save investment, tweak and try new ideas, but the future value is primarily in their real estate and to a minor amount tied to their brand. So, yes it is another bruise to downtown San Francisco, but we are in no way on the ropes, or even stunned. Who is going to bet against the ability of the San Francisco market to adapt? Really, the modern day captital of innovation and resilience? Lots of work ahead for sure, but Macy's departure is another opportunity for The City by the Bay to come back even stronger. Chris Wilson Garrick Brown James Cook John T Chang Bryan Ley #sanfrancisco #cre #retailrealestate #trustedadvisor

"Macy’s 🏬 and J.C. Penney 🛍️ have two very different real estate strategies 🏢💰 One has a downsizing plan that includes profitable stores 📉👍 The other plans to keep — and possibly open — even low-volume stores 📈🤔 What’s going on? 🤷♀️ #RetailStrategy #RealEstate #BusinessModel" by Retail Dive about Macy's

As we continue to see changes in retail and the repurposing of malls and big box stores, the transformation of former Macy's locations could accelerate the movement away from very large retail footprints. With many big box store closures (Sears, JCPenney, Lord & Taylor, among others) over the past decade, we have seen a massive shift in uses--medical/healthcare, assisted living/senior housing, mixed use (live/work/play), warehouse, self-storage, and other developments. This could be another opportunity for developers to build futureproof communities, changing the face of many of these former shopping malls and retail centers. Great article by Melissa Repko, Retail Reporter at CNBC. What kind of developments would you like to see? Based on my own recent experiences, I would love some more Pickleball clubs (maybe not in a 200,000 square foot big box store!). Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls https://lnkd.in/edTUaQwf #retail Retail Dive #realestate #development Macy's JCPenney