This year is on track to have the least amount of retail stores closing up shop in more than a decade, a huge improvement from the record number of closures last year, according to CoStar Group data.
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Big box retail stores like Target, Lowes, Walmart, Kohls, Rite Aid and others are using a tactic in New York and beyond known as the “dark store theory” to lower their tax burden and it is working.
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7-Eleven Inc., the iconic, free-standing convenience store empire that sells everything from Big Gulp and Slurpee drinks to snacks and analgesics, plans to open a company store inside the Palisades Mall, a new concept for the worldwide retailer.
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