This strikes me as smart given the circumstances, but also depressing considering it's the latest sign of how bad things have gotten in the retail real estate sector. The right thing for public real estate companies to do is to get balance sheets...
KB Toys Inc. has returned to Chapter 11 under Prentice Capital Management LP, the private-equity firm that bought the retailer out of bankruptcy in 2005. However, this time KB Toys is slated for liquidation. The company plans to quickly start...
Retailers luring shoppers with deep discounts should have at least one security guard for every 200 shoppers, erect barricaded corrals 100 feet from entrances and consider other crowd control measures to prevent a repeat of this year's "Black...
Philly.com has an interesting breakdown of the financing involved in keeping regional department store chain Boscov's afloat. A couple of weeks ago, a bankruptcy court approved a plan under which a family group led by Albert Boscov and Edwin Lakin...
Fitch Ratings lowered its industrywide outlook for commercial real estate owners Wednesday, citing a worsening economic outlook and tight credit markets. The rating agency downgraded its outlook for the real estate investment trust sector to...
The biggest slump in U.S. consumer spending since 1942 will extend the recession and push the jobless rate to the highest level in a quarter century, according to economists surveyed by Bloomberg News. Household spending will drop 1 percent in...
Safeway, owner of Dominick's grocery stores, has created a real estate development business that has reviewed 36 projects for possible development and is working actively on a handful of the projects, a spokesman confirmed. The spokesman declined...
Office Depot Inc., the world's second-largest office-supplies retailer, said it will close 112 underperforming locations in North America in the next three months and cut planned store openings to lower capital spending. Six of 33 North American...
Consumers who shop at malls cite as top complaints the limited variety of restaurants, lack of variety among retailers, and parking difficulties, according to a study released on Tuesday. Some 80 percent of mall shoppers questioned said they...
The Retail Traffic staff has spent the past two days at ICSC's New York National Conference and Dealmaking--the second largest event ICSC holds in the U.S. after the big Las Vegas show. We've spent most of the time really trying to get a read of...
