In early July, Wilsons the Leather Experts sold the Wilsons name, 116 outlet stores and its online retail assets to G-III Apparel Group Ltd. of New York for $22.3 million in cash. Just over a month later, the firm is officially throwing in the...
Steve & Barry's LLC's landlords objected to the sale of the bankrupt clothing retailer, saying the proposed buyer hasn't proved it will pay rent and asking that stores stay open before holiday sales. Landlords holding leases for 14 shopping...
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...
So many retailers have been hurting recently. But Wal-Mart had a great quarter and raised its full-year forecast. However, the...
There have been two big announcements in the past 24 hours regarding the entry of major players in retail and retail real...