Wal-Mart de Mexico SA said Thursday it will invest 11.8 billion pesos ($805 million) and open 252 new stores in 2009 despite the slowing Mexican economy. The investment represents a 4 percent increase compared to last year and will create 14,500...
It's a bad day for retailers with the letter Z. Aeropostale is throwing in the towel on its Jimmy'Z concept and shutting all 11 stores it operates under that banner. Meanwhile, Z Gallerie is closing about a third of its stores, 25 in all, leaving...
We're about two years into the Tesco experiment in the U.S. The company is now saying that it took the wrong approach in trying to break in. We reported pretty early on that some had doubts on Tesco's model. This was confirmed about a year ago. So...
The Wall Street Journal looks at how a General Growth bankruptcy could unfold. This is something Retail Traffic explored on a more general level with our February cover story analyzing what large REIT bankruptcies could look like. ...
Looking for retail bright spots? Here are a few. Warehouse operators BJ's and Costco reported substantially higher profits. Meanwhile, Gamestop seems to be raking in the sales and raised its earnings forecast. Does this mean people are turning to...
In a way, this is good news. S&K Menswear filed for bankruptcy protection a week ago. The chain operates 136 stores. For now, however, it's only looking to close 30. The number at the bottom of this listing that I've been updating amounts to...
British cosmetic retailer Lush just opened its 100th store in the United States that also happened to be its 37th operating in a Macy's, and, despite the recession, is looking forward to opening up to 30 more outlets in its current roll out across...
General Growth Properties Inc., the U.S. shopping mall owner with $900 million in loans due yesterday, remains in talks with its lenders, a spokesman said. "We continue to talk to all of our lenders, and as soon as we have something to...
