Retail Rents: Who's Paying the Most?
For retailers, it's no longer as easy as giving the rubber stamp when a store's lease comes up for renewal. Instead, as they look to prune their fleets to boost their overall productivity, companies are analyzing their physical footprints more than ever. So in an age when they can shutter underperforming stores in favor of less costly web operations, which retailers are getting the most out of their brick-and-mortar shops? Cowen & Co. analyst Oliver Chen broke down which retailers are paying the most rent per square foot, as well as which generate the most sales per square foot.