Regional mall REIT Taubman Centers is opting to take a writedown and may relinquish control of The Pier Shops at Caesars in Atlantic City to its lender. In addition to potentially handing in the keys on The Pier Shops, it is taking a writedown on...
CNBC will be debuting a new original documentary this Wednesday--“The NEW Age of Walmart.” Here are a few teasers on the documentary. The info on the documentary will look at the changes Walmart has undergone in the last five years and attempt to...
As most readers of this site know, Melvin Simon--one of the founders of the nation's largest mall owner Simon Property Group--passed away Tuesday morning. There have been a few excellent obituaries written including ones by the New York Times and...
First Starbucks backed off closing some stores and now Pier 1 is doing the same. The home decor company lowered its number of store closings in its 2009 fiscal year to 50 down from its original plan to close 125. It has closed 31 to date and will...
Check out this clip from Bloomberg from Tuesday. Howard Davidowitz makes economist Christopher Rupkey look a bit silly. The debate took place in the wake of the Commerce Department's report that retail sales were up 2.7 percent in August--the best...
