It was always a gamble. When Fairway Group Holdings Corp. took the New York City-based grocery chain public in April 2013, the IPO turned out to be one of the best performing of the year. But even then retail consultants warned that part of...
Don't close that store! As Dollar General executves found it's often more profitable to renovate and outfit its smaller stores with appropriate product categories than relocate them to new sites where they can be expanded, according to a...
In a move very similar to the one Simon Property Group announced in late 2013, diversified REIT Vornado Realty Trust is looking into spinning off its suburban strip centers into a separate company, reports the Wall Street Journal. The REIT's...
Turns out one of Cerberus' co-investors in its planned buyout of the Safeway grocery chain is shopping center REIT Kimco Realty Corp. While Kimco's contribution, of approximately $90 million, is relatively small compared to the overall...
Just a few years after setting its sights on South America as the new frontier in mall development, U.S. shopping center REIT DDR decided to pull the plug on its joint venture with local partner Sonae Sierra Brazil. Reuters reports the company...
While the deal between Cerberus Capital Management and Safeway has already been announced, retail analysts are urging supermarket operator Kroger to put in a bid before the buyout is finalized, according to our sister publication Supermarket News...
In what is a clear indication of the changes happening in the world of apparel retailing, up-market teen apparel retailer Abercrombie & Fitch has indicated it's looking to overhaul its surfer lifestyle-focused Hollister concept into a fast...
It's official--Cerberus Capital Management, the private equity giant that already owns a vast collection of former Supervalu brands, agreed to buy Safeway grocery chain for $9 billion. As expected, the deal will be heavily financed by debt--$7...
Turns out these days even being the leader in its sector won't protect a retail chain from the necessity for store closures. CNN Money reports that office supplies giant Staples plans to close 225 stores in North America by the middle of next...
Turns out Kroger may want a piece of the Safeway portfolio after all. Bloomberg reports that the country's largest supermarket operator has contacted both Safeway and its main bidder Cerberus about purchasing a portion of Safeway's stores...
