Whoa. This is surprising. There had been talk of Starbucks slowing its expansion plans. But there was little indication that it was going to start making cuts of this magnitude. Previously, the company said it might shut 100 stores. Add 500 to...
Feldman Mall Properties, the struggling real estate investment trust that has lost millions of dollars in the last year and faced questions about its management strategy, said yesterday its stock has been delisted by the New York Stock Exchange...
Centro Properties Group, which last month won its fifth extension on a deadline to repay as much as A$6.6 billion ($6.3 billion) of debt, is seeking to sell five of its Australian shopping malls to help pay down its obligations. All of the assets...
Retailer Steve & Barry's LLC is readying plans to close more than 100 of its stores, and is contemplating a full liquidation should it not find emergency financing, the Wall Street Journal reported on its website on Monday. The article...
According to The Associated Press, J. Crew CFO Jim Scully spoke about the company's nascent Madewell concept at the Wachovia Nantucket Equity Conference. The retailer will reach a "'go or no go' decision" on Madewell in the second half of this...
Whitehall Jewelers Holdings Inc. filed for Chapter 11 protection on Monday with an $80 million financing package that requires it to put its assets on the auction block in less than a month. Whitehall, which recently acquired nearly 80 stores...
Whitehall Jewelers Holdings Inc. filed for Chapter 11 protection on Monday with an $80 million financing package that requires it to put its assets on the auction block in less than a month. Whitehall, which recently acquired nearly 80 stores...
For years it seems like it's been one piece of bad news after another for embattled grocer Winn Dixie. There were bankruptcies, store closings, etc. It seemed destined to go out of business completely, joining the ranks of many regional grocers...
