Grumpy Editor.
Bed, Bath & Beyond filed for bankruptcy and plans to close remaining stores in coming months.
Property owners believe there is no problem obtaining replacement tenants.
That’s because demand for big-box space in open-air shopping centers around the nation remains strong.
So other retailers, especially those expanding, are ready to jump in at well-located shopping centers.
IN CASE YOUR FAVORITE NEWS OUTLETS MISSED THESE…
CALIFORNIA TO BAN DIESEL-RUN BIG RIGS, BUSES. Under just-passed California rules, new big rigs and buses that run on diesel would not be sold in the Golden State starting in 2036.
MILITARY SPENDING RISES. Worldwide military spending last year rose 3.7 percent to a record $2.24 trillion, influenced by the war in Ukraine and tensions over China’s larger military.
TRANS-PACIFIC SHIPPING COSTS RISE. Trans-Pacific shipping costs are heading upward as container lines aim to reverse a months-long slide. Shipping a 40-foot long container, for example, from Asia to the U.S. West Coast jumps 34 percent.
VOTERS FAVOR GUN CONTROL MEASURES. With mass shootings in the news almost daily, an overwhelming majority of American voters favor a wide variety of gun control measures and over half worry that they could be victims of gun violence, finds a Fox News poll.
JAPAN’S POPULATION DWINDLES. Japan will lose almost a third of its population by 2070, a study suggests. The depopulation of Japan is continuing despite measures to encourage births.
MORE OLDER DEMOCRATS FAVOR BIDEN. About one-fourth of people under 45 say they would definitely support President Biden in a general election, compared with 56 percent of older Democrats, according to an AP-NORC poll.
PROCESSING PASSPORT APPLICATIONS SLOW. A major increase in travel demand is creating a backlog of passport applications. Increased processing time now takes up to three months, warns the State Department.
