Looming U.S. Retirement Crisis Will Impact Real Estate
Within a decade the U.S. will face a retirement crisis. The percent of workers covered by a traditionally defined benefit pension plan that pays a lifetime annuity has declined from 38% to 20%. The percentage of workers in the private sector whose only retirement is a defined pension plan is now 10%, down from 60% in the early 1980s. A staggering 68% of working-age people (25–64) do not participate in an employee-sponsored plan. Only ...
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Retail Store Closures in 2017
Retail centers and their landlords and tenants must adapt or die as consumer preferences and purchasing methods rapidly change. Here’s a partial list of store closures for 2017:
J.C. Penney 138
Sears Holding: 108 KMart and 42 Sears
Macy’s: 68
Radio Shack: 187 (552 by 2020)
Abercrombie & Fitch: 60
Gap: 175
Guess: 60
Wet Seal: 171
Crocs: 160
The Limited: 250
American Apparel: 110
BCBG: 120
Payless ShoeSource: 400-500
GameStop: 150+
Staples: 70
CVS: 70
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