New York, NY – April 15, 2020 – New York-based RCS Real Estate Advisors has been retained by fashion retailer UNTUCKit to restructure their entire store portfolio as a result of the impact of COVID-19. RCS will be working to mitigate both short- and long-term financial distress caused by business lockdowns, a hesitant consumer, and unsustainable lease obligations. Prior to COVID-19 lockdowns, UNTUCKit was a top growth and performing retailer with a strong brand presence in premium shopping centers across the United States and Canada. RCS Real Estate Advisors look forward to successfully helping our clients navigate the ever-changing retail landscape.
ABOUT UNTUCKit: Founded in 2010 and established in 2011, UNTUCKit LLC, headquartered in New York City, is an American casual-wear apparel company that focuses on men’s shirts. UNTUCKit is best known for their shirts in which are originated to not have to be tucked into pants as they drop at the perfect length. This is a convenient product for all men. For more information, please click here.
About RCS Real Estate Advisors: RCS Real Estate Advisors was founded in 1981 by professionals with decades of retail experience. The firm specializes in analyzing retail real estate portfolios, reducing occupancy costs, and expanding footprints. Key transactional services include portfolio assessments, renewals, lease restructuring, terminations, dispositions and site selection. RCS also operates as an outsourced real estate department for some of their clients, providing continuous management of portfolios to ensure the real estate performs at its optimal level.