With a new year comes change. New retail trends. New consumer behavior and demands. New tools and technologies to incorporate. New opportunities.

And with all that is new, retailers are forced to adapt to meet demand and stay ahead of the competition. That sometimes means downsizing to stay competitive and some retailers simply have too many stores.

There’s a total of 14 major retail chains have announced that they will close at least 100 stores by the end of 2020. Others will reach that total by the end of 2017. In some cases, these numbers appear to be on the low side, given the difficulties some retailers are encountering.

Aeropostale. The chain filed for bankruptcy in May 2016 and said it would close 154 stores. Now it appears that the chain will close all but about 230 of its 800 or so stores.

American Eagle Outfitters Inc. (NYSE: AEO). The company plans to close 150 stores over three years.

Chicos FAS Inc. (NYSE: CHS). Planned to close 120 stores between fiscal 2015 and 2017.

The Children’s Place Inc. (NASDAQ: PLCE). Planned to close 200 stores between fiscal 2015 and 2017.

CVS Health Corp. (NYSE: CVS) CVS Health executives outlined their long-term strategy for growth, which includes closing 70 stores in 2017.. The drugstore retailer’s overall cost-cutting plans aim for $3 billion in savings from 2017 to 2021.

Finish Line Inc. (NASDAQ: FINL). Has said it will close 150 stores by 2020.

Hancock Fabrics. The company filed for bankruptcy in February 2016 and will close all 255 of its stores.

J.C. Penney — CEO Marvin Ellison made headlines in March that when he told Fortune he wouldn’t undertake “any wholesale closings of stores in its 1,020-location fleet,” though it did shutter seven locations. The Plano, Texas-based retailer operates almost as many stores as it did in 2006, but its annual sales were roughly $7 billion higher back then than they were last year. Ellison told the magazine that Penney’s future lies in e-commerce and physical stores working together.

Kohl’s. After a rocky start to 2016 when it announced 18 store closures, the Wisconsin-based no-frills retailer rebounded and reported better-than-expected results in its most recent quarter. Kohl’s, though, continues to struggle. Comparable-store sales in its latest period fell 1.7 percent, the third straight decline in this closely watched retail metric of sales at stores open a year or more, a worrisome sign for Wall Street.

Macy’s Inc. (NYSE: M). Plans to close 100 stores. The country’s largest department store chain announced plans in August to shutter 100 underperforming locations in 2017, about 15 percent of its brick-and-mortar footprint. Macy’s shed 41 locations last year and axed thousands of employees. Terry Lundgren, who had led the retailer for more than a decade, will step down next year from the CEO spot and become executive chairman.

Men’s Wearhouse Inc./Jos. A. Banks. Parent Tailored Brands Inc. (NYSE: TLRD) plans to close 250 stores, primarily outlet stores.

Office Depot Inc. (NYSE: ODP). At the time of its merger with OfficeMax, the chain said it would close 400 stores by the end of this year, and that appears to be the case.

Sears Holdings Corp. (NASDAQ: SHLD). Between Sears and Kmart stores, the company plans 142 store closings, with more likely. The Hoffman Estates, Illinois-based company has been floundering for years under the control of hedge fund tycoon Edward Lampert, who arranged the merger of Sears and Kmart that created the current company more than a decade ago.

Sports Authority. Another bankruptcy, with 140 stores closing.

Walgreen Boots Alliance Inc. (NYSE: WBA). The company planned to close 154 stores. Last week the company announced the sale of 865 Rite Aid Inc. (NYSE: RAD) stores to Fred’s Inc. (NASDAQ: FRED) in an effort to win approval for the Walgreens-Rite Aid merger.

Walmart Stores Inc. (NYSE: WMT). With cost pressures in mind, Walmart said in January that it would close 269 stores around the world, including its small-format Express locations that were designed to compete against the dollar stores that have taken market share from the giant in recent years. Rising expenses are weighing on the world’s largest retailer, which raised the salaries of thousands of hourly employees last year and unveiled a plan to spend billions on expanding its e-commerce operations.

The good news for U.S. retailers this holiday season is that revenues are expected to rise by about 4% and same-store sales are figured to increase by 1%. The less-good news however is that profits for the fourth quarter (ending in January) are expected to fall 1.8%.

Real Estate Daily News Buzz is designed to give news snippets to readers that our (yet to be award winning) editors thought you could use to start your day. They come from various business perspectives, real estate, government, the Fed, local news, and the stock markets to save you time. Here you will find the headlines and what the news buzz for the day will be.

Friday, the Dow Jones Industrial average rose 42.06 points, or 0.3%, to close at 16,221.14. The NASDAQ composite added 46.61 points, or 1.2%, to 4,104.74. The S&P 500 index rose 8.71 points, or 0.5%, to 1,818.31. Benchmark U.S. oil rose 28 cents to close at $99.32.

APPLE SIGNS DEAL WITH CHINA MOBILE LTD.

Dec 23 (Reuters) – Apple Inc. said it has signed a long-awaited agreement with China Mobile Ltd to sell iPhones through the world’s biggest network of mobile phone users. In a deal that could add billions of dollars to its revenue, Apple said its smartphones will be available to China Mobile customers starting Jan. 17. Pricing and availability details for the iPhone 5S and 5C lines will be disclosed at a later date, it said in a statement. China Mobile, which has about 760 million customers, will begin registering orders for iPhone from Dec. 25, the company said on its account on the Sina-Weibo micro-blogging service. The tie-up between the pair, in the U.S. company’s second-largest market after its home turf, provides a much-needed boost for Apple in a market where it’s trailing rivals. It will also give Apple extra firepower in its increasing global rivalry with South Korea’s Samsung Electronics Co Ltd. Apple didn’t disclose financial terms of the agreement. Tim Cook, Apple’s chief executive, said in its statement that China is an extremely important market for the Cupertino-based company.

STORES OPEN FOR 100 HOURS TO ATTRACT SHOPPERS

NEW YORK (AP) — Some stores are ending the holiday shopping season the same way they began it — with round-the-clock, marathon shopping hours. Kohl’s for the first time is staying open for essentially five days straight, from 6 a.m. on Friday through 6 p.m. on Christmas Eve. Macy’s and Kmart are opening some of their stores for more than 100 hours in a row from Friday through Christmas Eve. And Toys R Us is staying open for 87 hours straight starting on Saturday, which is typically the second biggest shopping day of the year. The expanded hours in the final days before Christmas are reminiscent of how some retailers typically begin the season on the day after Thanksgiving known as Black Friday. The strategy comes as stores try to recoup lost sales during a season that’s been hobbled by a number of factors.

FURY AND FRUSTRATION OVER TARGET DATA BREACH

NEW YORK (AP) — Potential victims of credit card fraud tied to Target’s security breach said they had trouble contacting the discounter through its website and call centers. Angry Target customers expressed their displeasure in comments on the company’s Facebook page. Some even threatened to stop shopping at the store. Target apologized on Facebook and said it’s working hard to resolve the problem and is adding more workers to field calls and help solve website issues. The fury and frustration come as the nation’s second-largest discounter acknowledged Thursday that data connected to about 40 million credit and debit card accounts was stolen as part of a breach that began over the Thanksgiving weekend. The theft is the second-largest credit card breach in U.S. history, exceeded only by a scam that began in 2005 involving retailer TJX Cos. That incident affected at least 45.7 million card users. Target disclosed the theft a day after reports that the company was investigating a breach. The retailer’s data-security troubles and its ensuing public relations nightmare threaten to drive off holiday shoppers during the company’s busiest time of year.

US ECONOMY EXPANDS 4.1% RATE

WASHINGTON (AP) — The U.S. economy grew at a solid 4.1 per cent annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously thought. Much of the upward revision came from stronger consumer spending. The Commerce Department’s final look at growth in the summer was up from a previous estimate of 3.6 per cent. Four-fifths of the revision in the report released Friday came from stronger consumer spending, mainly in the area of health care. On Friday, President Barack Obama pointed to the upward revision to GDP growth as one of several signs of improvement in the economy. They include four straight months of solid job growth and a drop in the unemployment rate to its lowest point in five years.

UNEMPLOYMENT RATES FALL IN NEARLY ALL US STATES

WASHINGTON (AP) — Unemployment rates fell or were unchanged in all 50 U.S. states in November, evidence that hiring is improving across the country. The Labor Department said Friday that employers added jobs in 43 states and cut jobs in just seven. California, Texas and Indiana reported the largest job gains. The lower state unemployment rates are due in part to robust hiring nationwide over the past four months. U.S. employers added an average of 204,000 jobs from August through November, a strong pickup from earlier this year. The national unemployment rate fell to 7% last month, a five-year low. Still, the decline in state unemployment rates has occurred partly because many people have stopped looking for work. When people who are out of work stop looking for jobs, they’re no longer counted as unemployed. The unemployment rate can fall as a result. Click here for the latest Arizona jobs numbers reported Dec. 20, 2013.

ORACLE BUYING RESPONSYS FOR ABOUT $1.39 BILLION

REDWOOD SHORES, Calif. (AP) — Oracle is buying cloud-based business-to-consumer marketing software company Responsys for about $1.39 billion. Oracle, which also makes business software, said that the deal will extend its offerings of cloud businesses. It already offers cloud-based opportunities for sales, commerce, service, social and marketing activities. Earlier this week, Redwood Shores, Calif.-based Oracle reported that its fiscal second-quarter net income edged down slightly, hurt by flat revenue from new software licenses and cloud software subscriptions. The performance still beat Wall Street’s view. Under the deal announced Friday, Oracle will pay $27 per Responsys Inc. share, a 38 per cent premium to the company’s Thursday closing price of $19.52.

S&P TAKES AWAY EUROPEAN UNION’S AAA CREDIT RATING

PARIS (AP) — The Standard & Poor’s rating agency says it has downgraded the European Union’s credit rating, stripping it of the highest grade of AAA. The agency said Friday that a bitter battle over the EU budget and worsening creditworthiness of its members are behind the decision to downgrade the bloc’s long-term issuer credit rating to AA+. The outlook is stable. A downgrade can sometimes make it more expensive to borrow money on bond markets. But a rating of AA+ is still considered very solid, so the new rating is likely to have little more than symbolic effect. The EU borrows money to lend to member states, other countries and some programs. S&P said loans to Ireland and Portugal — which received bailouts — represent 80 per cent of the EU’s outstanding loans.

PHOENIX – CBRE has completed the sale of a single tenant net leased Kohl’s department store located at 1611 N. Dysart Rd. in Avondale, AZ. The 88,402-square-foot retail property commanded a sale price of $10.6 million ($120 PSF).

Joseph Compagno Vice President with CBRE’s Phoenix office represented both the buyer and the seller in the transaction. The seller was La Jolla, Calif.-based Collins Family Trust, Stanford Decedents Trust and Sarn Family Trust. The buyer was Investors Associated, LLP of Oconomowoc, Wis.

“It was very important to the seller to close this transaction in December. We accomplished that goal for the seller. The seller was looking for the broadest marketing exposure available to buyers of single tenant credit retail. We had a relationship with a 1031 exchange buyer out of the Midwest, who just sold a Walgreens portfolio and was looking for another triple net acquisition,” said CBRE’s Compagno. “The buyer was looking for a safe and stable income stream and they accomplished that with the acquisition of this Kohl’s. Kohl’s is one of the top rated retail tenants in the United States with a “BBB+” investment grade credit rating.”

Located at the northeast corner of Dysart and McDowell Roads, just north of the I-10 Freeway, the property is situated within the Alameda Crossing shopping center on 8.89 acres. Retailers adjacent to Kohl’s include Sprouts Farmers Market, Jo-Ann Fabric, Anna’s Linens, Big 5 among others. The property also benefits from excellent population density and demographics, with more than 226,000 people in a five-mile radius and an average household income of $68,490 within a one-mile radius.

Kohl’s is a specialty department store offering moderately priced, exclusive and national brand apparel, shoes, accessories, beauty and home products. Based in Menomonee Falls, Wis., Kohl’s operates 1,158 stores in 49 states with 30,000 employees.

Joseph Compagno specializes in the sale of net leased retail investments across the United States. His retail team works on the behalf of both private and institutional owners.

CBRE’s Compagno should be reached at (602)735-1733 for more information.