Retailers
based in other countries are not new to the U.S. shopping-center
landscape. Consumers here are very aware of Aldi, H&M, IKEA, Zara,
and others.
But many companies not well known to
domestic consumers are expanding beyond their home regions and
targeting the American consumer in hopes for both a sales push and an
increase in brand visibility. This
comes at a good time for retail real estate landlords, considering that
several once-prominent retailers are closing stores or going out of
business. A recent Moody’s report said that there were nine retail defaults in the first quarter, including ones by Bon-Ton Stores, Claire’s and Sears Holdings...