News and Events
Suppliers Back Out of Retail
President and CEO Ivan L. Friedman talks to GlobeStRETAIL.com.
Dec 17, 2007 GlobeStRETAIL.com Marita Thomas
With the dawn of 2008, more than 1.5 million sf of retail space will be up for grabs, vacated by just three major wholesale suppliers alone, according to Ivan Friedman, president and CEO of New York City-based RCS Real Estate Advisors. They aggregate about 200 Mikasa, Springs Global and WestPoint Home units in outlet malls.
Units operated by Lifetime Brands Inc. have also joined the list. The Garden City, NY-based company that supplies branded kitchenware, tabletop and home décor products has announced plans to close 27 Farberware outlet retail units and three Pfaltzgraff factory stores. Clearance sales began Dec. 4, and shelves in those units are expected to empty by the end of first quarter 2008.