Friday, August 10, 2018

Scrapped Rite Aid-Albertsons Merger, Mattress Firm’s Financial Struggles Could Lead to Thousands of Vacancies

Thousands of retail properties could become prime targets for redevelopment if Rite Aid and Mattress Firm close stores. Some analysts raised questions about Rite-Aid’s future this week after the drug store and grocer Albertsons scrapped their proposed merger. It follows recent announcements by financially struggling Mattress Firm that it would continue to close many of its 3,000 stores across the country. An analysis by investment banking company...



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