The Home Depot Inc., the world's largest home improvement store chain, cited erratic weather and continued weakness in the housing market as it reported Tuesday a 29.5 per cent drop in first-quarter profit on a slight increase in sales. The...
A tidbit that's getting picked up by dozens of news outlets, is that a new Shop.org study shows that spending on clothing has now surpassed spending on computers and software on the Internet. This is supposed to be a big signal that e-tailing is...
The first quarter of 2007 was remarkable in that there were no retailer bankruptcies of note--a positive sign for the rest of the year, even in the face of April's disastrous same-store sales. (ICSC's metrics showed a drop of 2.3 percent year-over...
OfficeMax Inc., the third-biggest U.S. office-supplies retailer, may be a buyout target for rivals Staples Inc. or Office Depot Inc. in an industry "that only needs two large players," a Credit Suisse analyst said. The office-supply sector may...
Developer Thomas Flatley is selling his portfolio of 10 malls in Massachusetts and New Hampshire to Wilder Cos. and O'Connor Capital Partners for $500 million. ...
Malls of America linked to interesting video of the Ala Moana Center in Hawaii. The video was put together by Ben's Tours.
Malls of America has more on the center here.
Sears Holdings Corp. Chairman Edward Lampert told shareholders Friday the retail giant is eyeing numerous possibilities for acquisitions or investments two years after the parent of Sears and Kmart stores was created. But the billionaire investor...
