The Gap Trap
Feb 01, 2002
For decades now, Gap stores have been mall mainstays — both in terms of traffic draw and financial performance. But now that Gap's sales have slowed dramatically, mall owners are worried about how they're going to make up the lost numbers...
RETAIL DESIGN TRENDS: Beauty in the basement
Feb 01, 2002
A building's most unglamorous room is its basement. But not at Bergdorf Goodman's Fifth Avenue flagship. As the setting for the department store's new Level of Beauty cosmetics and fine jewelry center, Bergdorf's basement becomes a luxury spot...
EDITOR'S LETTER: Changing of the Guard
Feb 01, 2002
A good friend of mine in the retailing industry once told me, “Most of the time, perception is just reality turned on its ear.” ...
Kmart plans to announce store closings next month
Feb 01, 2002
Kmart Corp. plans to announce next month which stores it wants to close under its ongoing bankruptcy reorganization...
Sign Language
Feb 01, 2002
TODAY'S SHOPPING CENTERS are doing much more than hanging out a shingle with the name of the mall. Signage has become an integral part of property identity and decor. “The old way of looking at signage was getting a sign out there that attracts...
LEASE LANGUAGE: Carts, kiosks & compromises
Feb 01, 2002
In situations where retailers are becoming more selective, lessors are challenged with maintaining rents, and retail landlords have to be creative and resourceful in order to maintain and increase revenues...
NET LEASE FINANCE: Diving for Deals
Feb 01, 2002
Going into 2001, net lease finance firms were primed for a banner year. The net lease business had grown steadily for a long time, and with the economy slowing it seemed that corporate America would have no choice but to embrace net lease in a big...
HOT TOPIC: Shopping for stability
Feb 01, 2002
Take the acquisition in late January of Houston-based CenterAmerica Property Trust by New York-based New Plan Excel Realty Trust. The $654 million deal added 92 community and neighborhood shopping centers to New Plan's portfolio. The publicly...
GULF STATES AREA REVIEW: A just right market
Feb 01, 2002
If the U.S. recession should worsen, don't feel too sorry for the Gulf States. Alabama, Louisiana and Mississippi are stable markets where the highs are not extremely high and the lows are not terribly low...
OUTLET INDUSTRY UPDATE: Recession proof?
Feb 01, 2002
From UBS Warburg's Weekly Chain Store Sales Snapshot to Instinet's Redbook Retail Sales Average, economic indicators point to hard times for retailers. But for the outlet sector the news is somewhat less discouraging. When mainstream retailers'...
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