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TJX Companies’ Resilience in Changing Retail Markets

In a time when many regular shops are closing down, TJX Companies is doing well. Big stores like Macy’s are shutting over 100 shops,...

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TJX Companies’ Resilience in Changing Retail Markets

In a time when many regular shops are closing down, TJX Companies is doing well. Big stores like Macy’s are shutting over 100 shops, and others like Express and Rue 21 are going bankrupt. This is changing how we shop. Fewer people are going to malls, partly because of the virus and big online stores like Amazon. But also, people are changing how they shop. TJX: Doing Things Differently Despite all this change, TJX Companies, which owns Marshalls, TJ Maxx, and HomeGoods, is doing great. They do things differently from other shops. Instead of selling things directly from brands, they sell extra stock and last season's stuff at lower prices. This gets people who love deals and those who...

Challenges in Office Portfolio Management: RXR’s Strategic Approach and Market Realities

Scott Rechler of RXR has a plan for dealing with the buildings his company owns. He divides them into two groups: "digital" buildings that are worth investing in, and "film" properties that are outdated and not worth it. RXR has spent a lot on properties like 1285 Sixth Avenue but stopped paying for others like 61 Broadway. However, there's trouble with one of their "digital" buildings, 340 Madison Avenue. Despite being labeled as a good investment, RXR couldn't pay back the $315 million mortgage on time, so Massachusetts Mutual Life Insurance Company is taking legal action. MassMutual is now trying to take over 340 Madison because RXR couldn't pay back its $315 million mortgage. RXR had asked...