You've got to hand it to Howard Davidowitz. He doesn't pull his punches. Here's MSNBC's take on December sales with quotes from Howard. Also, based on December sales, Wal-Mart has now cut its outlook. ...
Department-store operator Macy's Inc. said Thursday it will close 11 underperforming stores in nine states — affecting 960 employees — and lowered its forecast for the fourth quarter after one of the weakest holiday seasons in years. Stores...
Discount clothing chain Goody's Family Clothing will begin liquidating its stores on Friday as the retailer becomes one of the year's first victims of the worsening economy. The move, which comes less than four months after the privately held...
Many stores are pushing to negotiate lower rents, warning that they mightn't be able to make it unless their costs are cut. Those in stronger positions are finding that the market's turmoil has provided them clout to haggle for lower lease rates...
Vacancies at U.S. malls and shopping centers approached 10-year highs in the fourth quarter, and are set to rise further as declining retail sales put more stores out of business, research firm Reis Inc. said. Regional mall vacancies rose to 7.1...
Glimcher Realty Trust sold the The Great Mall of the Great Plains in Olathe, Kansas for $20.5 million to a group of local investors. Normally, I wouldn't link to news of one-off mall sale. What makes the deal interesting is that, according to...
China, notorious for the amount of copyright infringement that goes on, now hosts a shopping center entirely devoted to fake brands including McDnoald's, Bucksstar Coffee and Pizza Huh.
In a provocative post called "The Judith Miller Effect", Deal Junkie wonders if the commercial real estate industry has been pushing for excessively negative articles--such as this one in the New York Times--as groups lobby for the industry's...
