San Francisco – Locally based Gap Inc. plans to record an operating loss in the third quarter before the impact of a tax-related charge of approximately $145 million. The apparel retailer recently reported a 17% decrease in comparable store sales...
In its October 29, 2001 issue, Forbes magazine listed America’s 200 best small companies. Several retailers made the list including: Chico’s FAS (1); Christopher & Banks (9); Hot Topic (13); J Jill Group (29); Krispy Kreme Doughnuts (94)...
Columbus, Ohio – Locally based Glimcher Realty Trust announced that on October 19, 2001, its operating partnership, Glimcher Properties Limited Partnership, completed the financing of a $27 million mortgage secured by Ashland Town Center in...
Philadelphia – Locally based Pennsylvania Real Estate Investment Trust’s (PREIT) board of trustees recently named Ronald Rubin as chairman of the board of trustees. He has served as PREIT's CEO and as a trustee since 1997...
McLean, Va. – According to a recent telephone survey conducted by the locally based research and consulting firm Wirthlin Worldwide, 60% of Americans will spend the same amount of money or more this holiday season as they did last year...
Chicago – According to locally based Northern Realty Group Ltd.’s 12th annual survey of retail space in downtown Chicago’s State Street/Wabash Avenue shopping district, the vacancy rate for specialty store space rose to 4.5% from last fall’s 4.3%...
Grocery store consolidation continues to build steam, according to The Advisor, a monthly report by CB Richard Ellis' Southeast/Mid-Atlantic Retail Investment Advisors team...
Cleveland – Locally based Forest City Enterprises Inc. recently acquired Galleria at South Bay, a 955,000-sq.-ft. mall in Redondo Beach, Calif. The mall's anchors include Nordstrom, Robinson-May and Mervyn's...
Stamford, Conn. – Locally based GE Capital Real Estate and New Hyde Park, N.Y.-based Kimco Realty Corp. have formed a joint venture to acquire established, high-potential retail properties in the United States...
