Bloomberg has up a fairly grim article arguing that despite falling 78 percent, retail REITs have further room to drop. In the story, Howard Davidowitz ups the ante considerably in terms of what's at stake. He says more than 200,000 stores will...
American Apparel, the clothing retailer, is near a deal to sell a 20 percent stake in the company to Lion Capital, a private equity firm that once owned Jimmy Choo, for about $80 million, people involved in the deal said on Thursday. The deal is...
Giorgio Armani is an icon in the fashion industry largely because he can roll with the times. Right now - a dismal period for fashion and the luxury market - that means offering a range of styles and prices under one roof. "Luxury before was just...
Charlotte Russe said yesterday that it will “initiate the process” for selling the company, allowing the women's apparel retailer to enter into formal negotiations with potential buyers. The San Diego company, which specializes in inexpensive...
One of the things I've suggested--in some of my edit letters, in some of our stories and in the creation of our Site Optimizer e-letter--is that the historically antagonistic relationship between landlords and retailers is not the best approach in...
When the last Circuit City store closed Sunday evening, retail centers across the country were left with gaping holes. The Henrico County-based chain had more than 22 million square feet of retail space as of February 2008, when it operated...
The Christian Science Monitor has a nice write-up exploring the coming bailout of the commercial real estate industry. Not a lot is new here. It recounts the woes in the CMBS market and declining fundamentals in various sectors. The most...
General Growth is seeking forbearance from some of its bondholders to hold off on defaulting until Dec. 31, 2009. It is asking bondholders to hold off requesting payment as it attempts to refinance billions in debt and avoid bankruptcy. ...
