“So many of our most productive locations were formerly Circuit City or Toys ‘R’ Us or Sports Authority.”Ĭommercial construction and vacancies at record lows “For us, the biggest source of new store locations comes from other retailers closing stores,” Burlington CEO Michael O’Sullivan said on an analyst call in February. Particularly in a tight commercial real estate market, bad news for one brand means opportunity for another. It will not take long for retailers to occupy those spaces.” “A lot of great real estate is going to come available into a market where there’s been no vacancies. “E-commerce scared a lot of people off from building retail,” said Brandon Isner, the head of retail research at CBRE, a commercial real estate firm. Anthony Behar/Sipa USA/APīed Bath & Beyond was a retail pioneer. People walk past the entrance to a Bed Bath & Beyond retail store along Sixth Avenue in New York, NY, September 4, 2022.
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