International Invasion: Retail's Newest Tenants
U.S. retailers beware — the British are coming! But it's not just the Brits. The Italians, French, Spanish and more are also invading the U.S., capitalizing on prime real estate as several homegrown brands shutter stores. Perhaps most emblematic of the shift is Sears’ recent announcement that it will lease out space in seven locations to European retailer Primark, which is opening its first U.S. store in Boston next year. Sears will still retain a significant presence in six of these spots.