Staff and Wire Reports

Kmart Corp. plans to announce next month which stores it wants to close under its ongoing bankruptcy reorganization...

A USA Today/CNN/Gallup poll released today appeared to provide evidence that Kmart’s troubles run much deeper than a few under-performing stores...

TrizecHahn Corp. announced it will take a $285 million write-down against high-profile assets such as Desert Passage in Las Vegas and Hollywood & Highland in Los Angeles...

Charming Shoppes Inc. announced a restructuring plan designed to boost profits by closing more than 207 stores...

Kmart Corp. today announced that it launched an internal investigation after receiving an anonymous letter complaining of accounting improprieties at the Troy, Mich.-based chain...

Kmart Corp., which filed for Chapter 11 bankruptcy protection early Tuesday, announced the appointment of a new executive vice president charged with coordinating the retailer's financial restructuring efforts...

NEW YORK -- Standard & Poor's downgraded its rating on Simon Property Group and its affiliates. The CreditWatch placement followed the public shopping center REIT’s proposed acquisition this week of 13 regional...

Consumers took advantage of retailers’ pre- and post-holiday promotions as same store sales for December increased 2.1% compared with the same period last year, according to data compiled by TeleCheck services...