On a monthly basis, retail sales increased 0.6% from May to June (seasonally adjusted), and sales are off 9.6% from June 2008 (retail ex food services decreased 10.3%). Excluding autos and gas, retail sales fell again in June. ...
CIT Group has been the big financial story the last few days. The latest news is pretty grim. Bankruptcy appears imminent and "the cost of insuring its debt spiked, its short-dated bonds have plunged, and Moody's slashed the lender's credit...
There were two more big announcements on the retailer bankruptcy and closure front in recent days. Ritz Camera will auction its 400 remaining stores and liquidation is a distinct possibility. ...
(Due to some blog maintenance, I couldn't get a roundup post up last Thursday. So here we'll play a bit of catch-up on important retail and retail real estate news from Thursday through Sunday.) ...
In a committee hearing in Congress that just ended, Joint Economic Committee Chairwoman Carolyn Maloney said that commercial real estate is a "ticking time bomb." That comment alone has generated a Dow Jones story, an Associated Press story, a...
June same-store sales, as expected, came in negative. According to Retail Metrics, same-store sales fell 4.3 percent. Retail Forward's stats show a 4.2 percent decline. (Retail Forward's data includes 32 retailers and the results can be viewed in...
On the lighter side--some 1990-vintage footage of Los Angeles malls sped up and set to music. This was posted to Labelscar and created by Joel Fletcher.
MALL MANIA 1990 time-lapse from Joel Fletcher on Vimeo.
Scotts Miracle-Gro will shut down Smith & Hawken, the premium gardening chain that it bought five years ago, the Marysville-based company said yesterday. Scotts said a year ago that it was considering options for the chain, which has...
