Macy's Inc., the owner of its namesake chain and Bloomingdale's, said Friday that it would close stores deemed to have inadequate sales and eliminate 899 jobs. Macy's will shut locations in Akron, Canton and North Randall, Ohio; Lake Charles, La...
With only five days left before the Terrorism Risk Insurance Act was set to expire on Dec. 31, 2007, President George Bush signed into law legislation that reauthorizes the federal backstop for seven years. Some key provisions of HR 2761 or the...
The pre-holiday blitz is over. ICSC published the data for same-store sales through Dec. 29 (pdf). During the last week, sales were up 2.3 percent over the same period last year--a bit weaker than the prior week's figure. Overall, sales look to be...
As 2008 begins, evidence is building that the luxury market is losing its luster. Neiman Marcus Group Inc. characterized the environment as "somewhat challenging" and is offering an extra 25 percent off already reduced designer merchandise...
Eduardo M. Penalver, an associate professor at Cornell Law School, where he teaches property and land-use law, makes the argument that rising gas prices will mean that even after the housing market bounces back, the days of sprawl may be over. He...
MTV is looking to make some noise in the original musical arena with "The American Mall." The project, from "High School Musical" producers Bill Borden and Barry Rosenbush, will premiere next year on the cable network, followed immediately by a...
ICSC published sales figures for the last week of pre-Christmas sales (PDF). That doesn't include the last-minute surge that was widely reported. The question is whether the surge was enough to turn the season into a truly successful one. ...
A California judge ruled on Christmas Eve that shopping center common areas are the equivalent of traditional town squares and therefore even though its private property, first amendment rights to free speech and assembly apply. ...
