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Retail

Q&A with … John Sweeney, Reece Commercial

John Sweeney is a brokerage executive with Reece Commercial in Kansas City. Q. What’s your sense of how bankruptcies by major retailers will affect the market here? A. It will affect landlords and employment most of all.  There remain plenty… more

Dick’s Sporting Goods Sees Sales Plummet

Dick's Sporting Goods, which has seven locations in the metro area, saw same-store sales drop in its first quarter by nearly 30 percent. Management said that the same-store-sales drop of 29.5 percent was driven primarily by the spread of COVID-19.… more

Can Malls Triumph Over COVID-19?

Malls around the country have been struggling for a while, due to challenges from e-commerce and competition from mass-merchandise chains. Meanwhile, several around the metro area, including Oak Park Mall, in Overland Park, and the Legends Outlets, in Kansas City,… more

Protests Amid a Pandemic

For the fourth night in a row there were protests around the Country Club Plaza over the death of George Floyd in Minneapolis at the hands of the police last week. And for another night, police declared the protests an… more

Protests Turn Violent Over Weekend

Protests over the killing of George Floyd by police in Minneapolis last week turned violent Saturday and yesterday in Kansas City. The demonstrators were initially gathered in the Country Club Plaza on Saturday afternoon, were diverted to the Westport area… more

Beauty Brands Closes Store Amid COVID Concerns

After a hairstylist served a customer who was an asymptomatic carrier of COVID-19, Beauty Brands has closed a store in the Northland for cleaning. Read more at KCTV. more

Costco Sees a Sales Bump

Costco Wholesale Corp. saw net sales rise by 7.3 percent, to just under $36.5 billion, while same-store sales in the United States rose 5.9 percent. However, net income did drop year over year, to $838 million from $906 million. Costco… more

KCMO Loosens Stay-At-Home Order, Missouri Extends

The State of Missouri and Kansas City, Mo., now have conflicting stay-at-home orders. Gov. Mike Parson has extended his emergency order to June 15, which requires retail locations at 10,000 square feet at 25-percent capacity and larger locations at 10… more

Bills Are the Biggest Spend for Stimulus

The number one item that people are spending their stimulus checks on is bills, despite the run-up of shopping at various mass-merchandise retailers. About 30 percent of those receiving checks spent them on bills, according to a recent survey. Read… more

Q&A With … Owen Buckley, LANE 4 Property Group

Owen Buckley, Managing Partner, LANE4 Property Group, which specializes in commercial real-estate within the retail sector. Q. A number of encouraging metrics indicate economic activity is picking up on multiple fronts, even if slowly. Will it come in time to… more