As the retail apocalypse claims another victim, Vornado Realty Trust may be looking to offload one of its retail properties — or convert another one to offices. Fast-fashion brand Topshop closed all U.S. stores in June, and Vornado was the landlord at both of its New York locations. This put a dent in the firm’s second quarter earnings, and was a topic that came up early and often in Tuesday morning’s earnings call. “Overall, the […]
source https://therealdeal.com/2019/07/30/negative-surprises-vornado-execs-talk-retail-struggles-on-q2-earnings-call/
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