Clothing chain Mervyn's has announced it will close 26 stores as part of a cost cutting move following their Chapter 11 bankruptcy filing. 11 of those stores are in California, six are in Texas, four in Nevada, four in Arizona, and one in Idaho...
Lehman Brothers is shopping a major portfolio of commercial real estate in a bid to raise cash. The Bloomberg report doesn't say what type of commercial property Lehman is looking to move. However, it does say that overall Lehman is looking to...
So many retailers have been hurting recently. But Wal-Mart had a great quarter and raised its full-year forecast. However, the company also raised a red flag about the state of the global economy and the pressure it is putting on consumers...
There have been two big announcements in the past 24 hours regarding the entry of major players in retail and retail real estate entering India. ...