The National Bureau of Economic Research makes official what most have suspected for a long time: the U.S. is in a recession. According to the NBER, the U.S. economy officially entered into a recession one year ago. ...
Retailers are facing a tough decision as they suffer through a tough spell. What do you do with the leases you signed already? Do you sell the lease to another retailer? Do you keep paying and operate a losing store? Do you shut the store and keep...
At the helm is President Brett White, a former broker who runs the company from its headquarters in West Los Angeles. "Conditions have deteriorated on a scale and with a speed that no one could have predicted just a few months ago," White said in...
The New York Times reports that deep discounts by retailers may have gotten people to shop, but not helped retailers turn a profit. ...
Slate has a nice story and slideshow about big box stores being converted into other uses including a church, a library and...
General Growth negotiated a two-week extension in $900 million in loans it had coming due last Friday. It is working to secure...
In response to the tragedy last week in which Jdimytai Damour, a Wal-Mart worker in Long Island, was trampled and died on Black...