Schuckman News / Blog

As U.S. store closings run roughly 44% below last year, dead big boxes and drugstores are being re-tenanted fast — Target in America’s last Kmart, O’Reilly in former Rite Aids — while institutional capital pays record prices for grocery-anchored retail.

Q2 earnings from Target, TJX, BJ’s and Home Depot confirm a value-driven consumer — and a clear signal for which retail real estate will command capital as expansion collides with the tightest supply in a generation.

The $200 million plan to turn Broadway Commons into the open-air Shops on Broadway went before the Oyster Bay Town Board this week – roof off, BJ’s in, IKEA expanding, and Hicksville’s original 1956 shopping plaza coming full circle.

QVC exits Chapter 11 with $5.3 billion less debt, Walmart rolls out its sharpest back-to-school pricing since 2019, and Salomon lands at Foot Locker. Three headlines from this morning – and one consistent message for shopping center owners.

Kroger’s $1.65 billion acquisition of Giant Eagle is the first major grocery deal since the Albertsons merger collapsed — and Aldi is answering with $9 billion. For shopping center owners, an anchor changing hands reshapes credit, co-tenancy and dark-store risk. Here’s what to check in your leases now.

Schuckman Realty · From the President Canvassing New York Trade Areas With My Father: A Lifetime of Lessons From Stanley H. Schuckman My father founded Schuckman Realty in 1978. This summer he turns…