Industry News
Consumers: Spending more to buy less
Source By Christina Adams, Kari Alldredge, and Warren Teichner US consumers are purchasing fewer items across categories, reflecting subtle shifts in shopping behavior with meaningful consequences for consumer-packaged-goods players. Despite a relatively strong economy and low unemployment, consumers are buying fewer items—and spending...
Office Tenants Signing Leases in Houston, but for Less Space
Smaller Footprints Curb Total Leasing Volume By Itziar Aguirre CoStar Analytics January 22, 2024 | 12:31 P.M. Despite the total number of office leases last year increasing by 6% from the annual five year pre-pandemic trends, total leasing volume was equally down by about 6%. Office tenants signed 4,022 leases in the Houston market in 2023,...
What to Expect in Real Estate in 2024
Source January 22, 2024 | Texas REALTORS® Staff What does the future hold for the Texas real estate market? In the Texas Real Estate Research Center’s 2024 Texas Real Estate Forecast, one prediction is that many real estate sectors will have increased inventory available. The forecast projections in the report were derived by considering 2023’s...
AI Is The New Retail Reality, As Industry Gathers For Trade Show
SOURCE Joan Verdon Senior Contributor Jan 14, 2024,09:00am EST As thousands of retail executives arrive at the Javits Convention Center in Manhattan today for the National Retail Federation convention, one of the new technologies they will encounter will be large screens displaying virtual assistants trained by AI to answer questions about the...
Investors converting former Louis Shanks space into high-end home center
by Clint Engel - April 29, 2022 HOUSTON — RMP Partners, which recently acquired the Lillian August and Stanley Furniture brands, is about to launch its first large-scale retail venture here. The Houston-based company, along with partners Horizon Group and Lewis & Maese, have purchased the former 206,000-square-foot Louis Shanks showroom and...
RMP Partners makes growth play in branded home furnishings segment
SOURCE by Thomas Russell - April 12, 2022 Houston-based liquidation specialist has purchased the names and IP of Lillian August and Stanley Furniture HOUSTON — RMP Partners, an advisory firm and liquidation specialist based here, is making a play in the home furnishings segment, having purchased the names and intellectual properties of Lillian...
DEBTOR ATTORNEYS LAURA ASK & JACK NICHOLS INTERVIEW
In this session of our Bankruptcy Series, State Bar Past President Steve Huff interviews attorneys Laura Ask and Jack Nichols on their work for the debtor bar, advice for others looking to take on this work – including staffing and software needs, and the value of connecting with others to be successful. ...
Neiman Marcus is likely just the start: Analysts expect 100,000 stores to close by 2025
Published: April 21, 2020 at 7:45 a.m. ET By Tonya Garcia Many retailers have shuttered their stores amid the COVID-19 outbreak. UBS analysts think a lot of stores will remain shuttered for good over the coming years. Analysts forecast 100,000 stores will close by fiscal 2025, with apparel retailers the hardest hit at 24,000 closures. Most...
Yuma Energy files for bankruptcy
Apr. 16, 2020 2:57 AM ET|About: Yuma Energy, Inc. (YUMA)|By: Gaurav Batavia, SA News Editor Yuma Energy (NYSEMKT:YUMA) has filed for Chapter 11 petitions for relief under the United States Bankruptcy Code. During Q1, the company's cash position deteriorated, and its cash flow from operations is no longer sufficient to cover its operating costs....
J.C. Penney considering bankruptcy as coronavirus hurts department stores
Published 8:00 a.m. ET Apr. 15, 2020 Updated 2:52 p.m. ET Apr. 15, 2020 Nathan Bomey USA TODAY J.C. Penney is considering filing for bankruptcy protection as the retailer grapples with the fallout from the coronavirus pandemic and its own long-in-the-making struggles. The Plano, Texas-based company is exploring the possibility along with a range...