Staff and Wire Reports

In an effort to regain market share lost to the specialty apparel sector, St. Louis-based department store giant May Co. today announced plans for two new "proprietary" brands to be sold in its Lord & Taylor...

Since going public in May, teen apparel chain Aeropostale has been a Wall Street darling. Rated a long-term, strong buy by Merrill Lynch, the retailer announced today that its total revenues increased 50.4% for first...

Outback Steakhouse franchisees Forrest and Kimberly Smith are bringing the popular Orlando-based restaurant chain to Manhattan. The Smiths recently opened an Outback on Third Avenue at 56th Street, and recently signed...

Five consecutive weeks of cool weather throughout the United States led to lower-than-expected May sales figures reported by Target Corp. and Sears today. Both retailers were below plan for the month, but Target still...

In a deal valued at $578 million, USA Interactive has agreed to purchase Interval International, a Miami-based company that operates a timeshare exchange network. Interval is expected to acquire Interval Acquisition...

USAA Real Estate Co., a San Antonio-based developer, has begun construction of a $20 million, 908,000 sq. ft. regional distribution center for Sweetheart Cup in University Park, Ill. Completion of the facility is...

In a sale-leaseback deal, New York Life has purchased an 812,245 sq. ft. warehouse in Mechanicsburg, Pa., for $36 million. London-based Reckitt Benckiser, a logistics firm, was the seller and has signed a 10-year...

Columbus, Ohio-based Wendy’s International Inc. is making a smart move with its recently announced acquisition of the Thousand Oaks, Calif.-based Baja Fresh restaurant chain, analysts say. In a deal scheduled for...