Target Pays $110M to Exit Minneapolis Office Lease
#CorporateRealEstate #RetailNewsTarget pays $110 million to exit its Minneapolis office lease five years early, having vacated the 51-story tower during the pandemic. The retailer, an original 1983 tenant, will leave the space it attempted to sublet. read more
IKEA Shuts Memphis Store, Exits Tennessee
#IKEA #RetailNewsIKEA will close its Memphis store on May 3, just one year after a major renovation. Residents express sadness over losing the affordable furniture retailer. The company cited a review of business performance and market factors for the closure. read more
QVC Nears Bankruptcy as Debt Crisis Deepens
#RetailNews #BusinessBankruptcyTV network QVC may file for bankruptcy, jeopardizing its future. The home-shopping pioneer faces massive debt and a shrinking customer base as viewers shift online. Its stock plummeted following the report, though no final decision is made. read more