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Staff and Wire Reports

Staff and Wire’s Recent activity

June sales a positive signfor retail REITs
Jul 17, 2002
Same-store sales took a decided upturn in June, a phenomenon Wall Street analysts say will prove beneficial to retail REITs. Median same-store sales for the month were up 4%. "Given the better than expected same-store...
Center Trust: newest memberof Russell 3000 Index
Jul 17, 2002
West Coast developer/owner/manager Center Trust joins the Russell 3000 Index this month. The Manhattan Beach, Calif.-based REIT ranked No. 54 on Shopping Center World’s ranking of top owners for 2002 with a portfolio...
Hot June weather equals hot June salesfor mass merchants
Jul 11, 2002
Hoisted by a hot summer climate, retail earnings for mass merchandisers are recovering from the recent recession with rising margins and estimates. Retailers Kohl’s and Dollar General reported double-digit comps for...
Forest City joins Russell1000 Index
Jul 11, 2002
Forest City Enterprises Inc. hit a milestone today as the Cleveland-based company announced its inclusion in the Russell 1000 Index — a ranking of the 1,000 largest U.S. stocks by market capitalization. As of May 31...
Chico’s 2Q sales up 42%
Jul 10, 2002
A "secret sale" event helped Chico’s FAS post impressive numbers for second quarter 2002. The Fort Myers, Fla.-based specialty apparel chain reported a total sales gain of 42% to $46.5 million and a 15% gain in comp...
2Q tech charges hit Taubman
Jul 10, 2002
Investments in failed e-retail portal Fashionmall.com and broadband network MerchantWired.com will impact Taubman Centers’ second quarter 2002 earnings...
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