The vacancy rate for U.S. neighborhood shopping centers inched up in the third quarter, and rents posted their weakest rise in four years, reflecting retailers' concerns about the economy, real estate research firm Reis said. "There's uncertainty...
After a month of beta-testing some features of its new Web site, Borders Group Inc. is ready to see what consumers think. Customers can preview the new site BordersStores.com, although they can't use it to make purchases. However, consumers can...
The Cordish Co. President David Cordish on Monday remained quiet on rumors he will purchase Trump Entertainment Resorts Inc. and its three Atlantic City casinos. The Newark (N.J.) Star-Ledger on Friday cited three anonymous sources claiming The...
Activist investor William Ackman, the man who threw a wrench into billionaire Sears Chairman Edward Lampert's attempt to buy out Sears Canada Inc. last year, is back. Ackman purchased 5 million shares in Sears Holdings Corp., a spokeswoman for...
In Japan, a new system is being tested at a mall using cameras and software that can determine age, gender and, possibly one day, social class. The system is not just for security. It's also there so mall owners can gather data about mall shoppers...
Wal-Mart Stores Inc.'s Mexico unit said Tuesday it has passed the final regulatory hurdle to launching its own bank in Mexico and will open branches as soon as November. Wal-Mart de Mexico SA, the country's largest retailer and private-sector...
Solon has long sought out retail outlets to boost its economy, but officials doubt the city can handle both projects. Mayor Kevin Patton expects Solon City Council to choose only one of the two. "Each of us believes that we have a viable project...
