Few industries are as robust and competitive as retail—which is highly visible, fast-paced and frequently unpredictable. Retail establishments often reflect the ups and downs of the economy. And, as with any other industry that includes large corporations, governmental regulations have steadily increased over the past decades. In addition, mounting pressure on the bottom line has heightened the need for comprehensive and strategic legal counsel, as well as creativity that reaches beyond traditional retail solutions.
Retail enterprises require a law firm with capabilities in virtually all areas of commercial law. GSRM’s Retail team brings together a knowledgeable group of corporate, real estate, restructuring and workout, government relations, employment, tax and litigation attorneys that are skilled in dealing with the specific challenges facing this industry. Our firm represents a variety of retailers, a sampling of which includes shopping malls, urban retail projects, neighborhood shopping centers, retail distribution centers, franchisors and franchisees, specialty apparel and outlet centers, as well as department big-box, large-format and off-price chain stores.
Our attorneys help retail clients to achieve their goals, mitigate and resolve disputes, and navigate governmental regulations in order to grow and thrive. Whether our client faces an employee problem or a lease dispute, or requires an infusion of capital or a complete restructuring of their business, GSRM has been there before—and our attorneys understand how to execute sound legal strategies.
GSRM attorneys are known for skillfully navigating the specific complexities of retail transactions. The firm’s transactional experience ranges from mergers and acquisitions, joint ventures, partnerships and franchise agreements—to restructurings and reorganizations, venture capital and other financing arrangements. These transactions often include regulatory and real estate components, which can be addressed by counsel familiar with the retail industry.
GSRM attorneys understand the real estate challenges that affect not only locally owned retail establishments, but also major corporations, department stores and franchises seeking to leverage their lease and real estate holdings. Real estate endeavors are a major part of commercial viability for retail organizations. GSRM attorneys provide the full range of legal services related to real estate, including the purchase, sale and leasing of commercial properties, landlord/tenant agreements, construction and developer contracts, franchise initiatives, land use and environmental issues. Our attorneys also negotiate and structure financing agreements for real estate development projects. Additionally, members of the firm have a long history as active participants in the International Council of Shopping Centers.
Franchising continues to serve as a major vehicle for growth and expansion in the retail sector. GSRM delivers the full array of legal services for retailers who sell goods and services through franchising, including registration, disclosure compliance and exemptions, and drafting all franchise, development and joint venture agreements. Our team is also called upon to advise on the sale, purchase or transfer of franchises, as well as with the acquisition or disposition of distribution operations or entire franchise systems.
The firm’s attorneys strive to keep distressed retail businesses viable. GSRM has guided many retail clients through financial distress with in- and out-of-court restructurings and Chapter 11 proceedings. The firm has also represented secured and unsecured creditors, trustees, lenders financing debtors-in-possession, equipment and real estate lessors and creditors’ committees in an effort to preserve their financial interests in retail investment.
GSRM works closely with corporate executives, managers and human resource professionals to develop and implement prudent human resource policies and practices. The firm’s experience ranges from employment contracts and handbooks, to training programs and employee discipline, to wrongful discharge, discrimination and wage/hour claims. The firm’s attorneys are aggressive advocates in the courtroom, as well as composed, diplomatic and thoughtful negotiators whose goal is to resolve problems before they can snowball into costly litigation.
GSRM understands the major impact litigation can have on a retail establishment, and our attorneys are committed to working with clients to minimize this risk. If litigation is unavoidable, our attorneys strive to diminish operational impact. Whether our client is faced with a lease dispute or ownership controversy, the firm’s litigators attempt to resolve discord in the most financially sustainable way possible.