Troubles in the retail world aren’t going away anytime soon — and retailers have themselves to blame. That’s according to Starwood Property Trust CEO Barry Sternlicht, who spoke at Tuesday’s fourth-quarter earnings call. During the call, Sternlicht recounted a visit to a new clothing store on Lincoln Road in Miami. Sternlicht said he walked around the store and couldn’t find a basic item — shorts — in a medium size. “Rents are lower, tenants have
source https://therealdeal.com/2020/02/25/sternlicht-on-retails-woes-tenants-have-done-incredibly-shitty-job-running-stores/
No comments:
Post a Comment