This Views & News blog offers you not only links to news sites that cover the retail real estate industry but a blurb from Rudy Milian with his summary observations, opinions and insights about the news that retail real estate professionals need to stay up-to-date in an ever-changing industry. Find here our selection of published news about store openings and closings, retail real estate activity, trends influencing commercial real estate, the impact of economic indicators on property valuations, merchandise categories and leasing trends, and more. Some of the news sites linked here are accessible to the public, while others require free or paid registration.
Warby Parker continues to do well in its 300 brick-and-mortar stores with plans to open 45 new stores in 2025, including five shop-in-shops within Target stores. The stores do an average of $3,000 per square foot, rivaling sales performance of Tiffany & Co. and Apple. Warby Parker stores fall within the 900–1,800 sq. ft. range, with an average near 1,600 sq. ft.
The company expects net revenue growth of 14% to 15% this year.
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