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The Time is Now!

Being proactive now, can lead to success in the future

It’s no secret that 2008 was one of the most difficult years in history for retail. Up through August, most businesses were on track for a record year. Then a tsunami hit retailers, leaving behind aftershocks that resulted in the worst holiday sales season on record. 2009 is going to be a transitional year. While most of us would like to hunker down and just wait for it to pass, now more than ever it is important to be proactive in cutting your occupancy costs. Let RCS evaluate your real estate portfolio and help you quickly determine how best to survive in this turbulent economy. Contact us.

RCS Disposes of Leases for Bankrupt Retailers Steve & Barry’s, Tweeter and Boot Town Western Wear

At the end of 2008, retail had a surge of bankruptcies as retailers sought to increase holiday traffic with going-out-of-business sales. As a result, RCS was retained by three major retailers in the midst of bankruptcy—Steve & Barry’s, Tweeter and Boot Town Western Wear—to dispose of a combined total of 345 leases, which represented more than 246,000-square-feet of retail space. RCS launched initiatives to market these leases for the benefit of the Chapter 11 estates and has concluded all of these sales efforts.

To find out more about these services, please contact
Mitchel Friedman, Senior Vice President.

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Providing Lease Disposition Services to National Wholesale Liquidators

During the economic turmoil of 2008, National Wholesale Liquidators (NWL), known as the place to shop for brand name household goods at everyday low wholesale prices, filed bankruptcy. They turned to the industry experts at RCS to develop and implement a comprehensive marketing plan that would help them dispose of their remaining leases.

Under the strict time constraints of today’s bankruptcy law, RCS immediately went to work marketing 38 NWL leases located throughout Washington, DC, Delaware, Massachusetts, Maryland, Michigan, New Jersey, New York, Pennsylvania, Rhode Island and Virginia, in order to benefit creditors of the Chapter 11 estates.

For more information about National Wholesale Liquidators, please contact Spence J. Mehl, Senior Vice President.

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RCS Featured on TV: Fox Business News

On December 29, President and CEO Ivan Friedman had the opportunity to sit down with Jenna Lee, host of C-Suite Sitdown, and talk about the current state of retail and how it’s impacting business. C-Suite Sitdown is a daily segment aired during Fox Business Morning where some of the biggest names in the executive suite talk about their companies and the latest news within their industries. Please click here to view the RCS segment.

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