Now, the U.S. arm of Aldi is cranking up expansion in Wal-Mart's home turf and seizing on the economic downturn to lure consumers to its Spartan stores and cheap groceries. The discount chain will open at least 75 U.S. stores this year, well above...
Losses in commercial real estate excluding construction are expected to increase 10-fold, Deutsche Bank AG analyst Mike Mayo said in a Jan. 5 research note. Moody's Investors Service said yesterday it's considering a downgrade of Synovus because...
Drained by the worst consumer-spending slump in decades and burdened by debt, U.S. retailers are expected to begin a wave of post-holiday bankruptcy filings, altering the landscape at malls and on main streets across the country. Retailers are...
The Cincinnati Enquirer has a good look at a new Wal-Mart test store--a former 220,000-square-foot location that's now 93,000 square feet smaller and features a more open layout. ...
Brian Kelly at Seeking Alpha put up two posts in the past few days, "CMBS Delinquencies Rise: Should the Government Step In?" and "Commercial Mortgages: The $400 Billion Ticking Time Bomb" that Deal Junkie didn't appreciate very much as is...
Al Boscov made a sales pitch to Snyder County last week, asking the county's commissioners to approve a federally backed loan to help him complete his purchase of the Boscov's department store chain. Nonetheless, Snyder County commissioners voted...
A glut of new shopping centers in Chandler, Ariz., along side the well-documented slowdown in the retail sector has created a conundrum. There are too many retail properties and not enough shopping activity to sustain them. One solution...
Albertsons' parent company, Supervalu, will close 50 stores in strategic cost-cutting moves this year, its chairman said Wednesday. Many stores being considered for the ax were among those Supervalu acquired when Albertsons was sold in 2006...
Circuit City Stores Inc. said Friday it is in talks with two interested parties about the terms of a going concern transaction. A going concern is a company that has the resources to stay in business. Circuit City, the second-largest electronics...
At noon on Wednesday, about 50 retail brokers and landlords trickled into the Harvard Club on West 44th Street for a members-only Real Estate Board of New York Retail Committee luncheon, the first of the year. There was buttery sea bass, green...
