ICSC just reported their monthly same-store sales figures. Retailers posted a 1.0 percent gain compared with the same period last year. Considering that a lot of retailers came in negative, this could have been worse. The pool of companies ICSC is...
Walgreen Co. withdrew an unsolicited offer to buy smaller rival Longs Drug Stores Corp. on Wednesday, citing Longs' unwillingness to enter into talks and a growing financial crisis hitting the U.S. economy. Shares of Longs fell 4 percent in...
We'll get the official numbers from ICSC tomorrow. Some retailers have already begun to report. Wal-Mart and Costco and other discount-oriented outlets continue to do well. Everyone else seems to be suffering. ...
Less than a month ago, the prospect was raised that Linens n' Things would face liquidation before the holiday. It appears that Apollo Management is now moving ahead with that plan.
Something that's emerged as one of the key provisions in the bailout bill that passed Congress last week is the possible suspension of so-called mark-to-market accounting. Our sister publication NREI takes a look at that in a lengthy story. ...
Today was just brutal for mall REITs. Many had been trading at or near 52-week lows already. But you could say that about a lot of companies in many sectors. And, for the most part, declines at mall REITs have been relatively in-line with the...
The proposed $800 million Central Park upscale retail development is dead, the latest victim of the uncertain economy. Developer Peter Rubin told city officials on Friday that his Coral Co. no longer needs a rezoning issue on the Nov. 4 ballot...
