RCS Real Estate Advisors Retained by dELiA*s, Inc. to Provide Portfolio Optimization Services and Act as Outsourced Real Estate Department
By: Identity Team
NEW YORK, NY, May 30, 2012 — New York-based RCS Real Estate Advisors, the pre-eminent real estate advisory firm to the retail industry, today announced that it has been retained by teen and young women’s apparel and accessories retailer dELiA*s, Inc. to evaluate the performance of the retailer’s real estate portfolio and serve as the outsourced real estate department for all retail locations. RCS Real Estate Advisors President and CEO Ivan L. Friedman
RCS Real Estate Advisors will work with dELiA*s to evaluate their real estate portfolio which contains more than 110 mall-based specialty retail locations across the United States. In addition to the ongoing management of the retailer’s existing locations, RCS will be enhancing the dELiA*s portfolio by optimizing underperforming store locations, as well as, selectively identifying and pursuing new real estate opportunities .
About RCS Real Estate Advisors
RCS Real Estate Advisors was borne of professionals with decades of retail experience, who have been delivering meaningful and measurable results for retailers since 1981. The firm specializes in analyzing real estate portfolios, reducing occupancy costs and expanding footprints. Key transactional services include portfolio assessments, renewals, lease restructuring, terminations, dispositions and site selection. RCS also goes beyond the initial transaction to provide continuous management of a portfolio, ensuring the real estate performs at its optimal level. For more information, please visit www.rcsrealestate.com
dELiA*s, Inc. is a multi-channel retail company comprised of two lifestyle brands primarily targeting teenage girls and young women. Its brands – dELiA*s and Alloy – generate revenue by selling apparel, accessories and footwear to consumers through websites, direct mail catalogs and dELiA*s mall-based specialty retail stores. For more information, please visit: www.deliasinc.com.
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