The past decade has been rough on the brick-and-mortar retail industry, particularly for smaller companies that faced competition from big-box retailers on one side and online retailers on the other.
Williams-Sonoma reported better-than-expected sales and earnings as consumers continued to invest in their homes amid the pandemic and provided an upbeat outlook for the current year.
City Place, a 14-acre, big-box center in downtown Long Beach, Calif., that was the site of the Long Beach Plaza Mall appears headed for redevelopment as a mixed-use center.