Starbucks’ Own Howard Schultz and the State of Retail

Starbucks’ own executive chairman, Howard Schultz has a few key insights on the state of retail properties. Schultz recently told Starbucks employees that “the retail sector was reaching a point where landlords of even prime centers would need to lower rents.”  This doesn’t come as a shock to many as in the last two years more and more big time retailers have announced store closures due to bankruptcy filings. 

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