The 2003 holiday retail season got off to a strong start on Black Friday, according to the ShopperTrak National Retail Sales Estimate (NRSE). Sales for the first day of the season totaled $7.2 billion, a jump of 4.8 percent from the day after...
Black Friday is nigh, and retailers are assuming their positions to capture the most holiday dollars possible. SG Cowen's annual holiday shopping survey results are in. The research firm polled 1,900 consumers nationwide about their holiday...
Simon Property Group is holding a holiday promotion beginning Nov. 28. The campaign, based on the theme "Thank you very much," will be featured at 156 participating malls nationwide and includes a mall holiday sweeps and a TV spot promoting Simon...
Simon Property Group is saying "Ciao!" to Italy. The United States' largest mall owner announced plans Monday to joint venture with Italian hypermarket chain Rinascente Group to own, manage and develop shopping centers throughout the boot-shaped...
FAO Inc. could be gone by the new year, but Wall Street analysts say landlords aren't fretting. In total, the chain's existing in-line stores only amount to about 10,000 square feet of space that shouldn't be difficult to re-lease if it goes dark...
Last week kicked off a whirlwind of third-quarter earnings calls as retail REITs rushed to announce their numbers before next week's NAREIT conference. In general, leasing spreads were up across the board (20 percent on average), with landlords...
About 250 new residents arrive in Phoenix's Valley of the Sun every day, two out of five from California. They come for the mild winters, relatively low cost-of-living and Southwestern ambiance — all this and a cosmopolitan atmosphere offering...
Is it better to renovate or rebuild? That is the question facing developers and retailers as aging shopping centers and freestanding stores need to be either spruced up — or bulldozed and rebuilt from scratch...
Household accessories and décor sales topped $78 billion last year, and Suntrust Robinson Humphrey equity research predicts mid- to high-single-digit growth this year. The booming segment is a hotbed for expansion, since it is highly fragmented...
Last month, Tanger Outlet Centers made a $491 million growth play, joint venturing with private equity firm Blackstone Group to acquire nine centers from Charter Oak Partners. The deal, which represents a cap rate of 10 percent, boosts Tanger's...
