J.C. Penney Co. is launching a new private-label brand called Dorm Life, a line of home goods aimed at young adults leaving the nest. The department store company said Monday that the line was designed in-house. That's a contrast with Penney's...
N Was the poor economy a factor? Yes, said Barry Berman, a professor of marketing at Hofstra University in Uniondale. "You would expect their sales to be going crazy" in a bad economy, Berman said. "But the economy is such that people seem to be...
It was a week that most retailers would probably prefer to forget – seven days that shook the high street. From the grandest names to the most minor, the news has been uniformly grim. Yesterday, the mighty John Lewis reported that its sales are...
HAVING embarked on an international spending spree over the past three years, Australia's bruised and battered listed property sector could be forced into a fire sale of its $70 billion offshore portfolio, after being caught up in the global...
Here's a local report from Michigan that has national implications. It talks about how local mall owners are increasingly turning to in-mall entertainment as a way to drive traffic to properties. ...
Vacancies at U.S. neighborhood and community shopping centers rose in the second quarter to a 13- year high, while vacancies at larger, regional malls were at their highest level since 2002, research firm Reis Inc. said. The average vacancy rate...
Circuit City spokesman Bill Cimino says the company has adequate liquidity to survive several quarters, if not years. "To my knowledge, a Chapter 11 filing is not part of the strategic alternatives that we are looking at," he says. The company...
But in 2005, when Trademark began planning a large mixed-use center, Watters Creek, for a 52-acre site in Allen, Tex., near Dallas, it decided to consult a group it had never called on before: women. Terry Montesi, the company's chief executive...
Blockbuster Inc. said Tuesday it is withdrawing its proposal to buy Circuit City Stores Inc., the big-box retailer whose sales have tumbled this year. Chief Executive James Keyes said in a written statement that the proposed deal, at a price of ...
