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Staff and Wire Reports

Staff and Wire’s Recent activity

Senate approves terrorism insurance bill
Jun 19, 2002
On Tuesday, the U.S. Senate passed the Terrorism Risk Insurance Act of 2002 by an 84 to 14 vote. Under the provisions of the bill, S. 2600, the federal government would reimburse businesses for 90% of losses after the...
Crate & Barrel deal wins REBNY Award
Jun 18, 2002
Cushman & Wakefield(C&W) recently won the Real Estate Board of New York’s "Retail Deal of Year Award Which Most Significantly Benefits the Manhattan Retail Market" for its efforts to help Chicago-based...
May unveils new "proprietary" brands
Jun 14, 2002
In an effort to regain market share lost to the specialty apparel sector, St. Louis-based department store giant May Co. today announced plans for two new "proprietary" brands to be sold in its Lord & Taylor...
Aeropostale goes public, posts profits
Jun 12, 2002
Since going public in May, teen apparel chain Aeropostale has been a Wall Street darling. Rated a long-term, strong buy by Merrill Lynch, the retailer announced today that its total revenues increased 50.4% for first...
Outback comes to Manhattan
Jun 10, 2002
Outback Steakhouse franchisees Forrest and Kimberly Smith are bringing the popular Orlando-based restaurant chain to Manhattan. The Smiths recently opened an Outback on Third Avenue at 56th Street, and recently signed...
May sales up for Target, down for Sears
Jun 06, 2002
Five consecutive weeks of cool weather throughout the United States led to lower-than-expected May sales figures reported by Target Corp. and Sears today. Both retailers were below plan for the month, but Target still...
USA Interactive to buy Interval for $578 million
Jun 05, 2002
In a deal valued at $578 million, USA Interactive has agreed to purchase Interval International, a Miami-based company that operates a timeshare exchange network. Interval is expected to acquire Interval Acquisition...
Wendy’s buys Baja Fresh, analysts applaud
Jun 03, 2002
Columbus, Ohio-based Wendy’s International Inc. is making a smart move with its recently announced acquisition of the Thousand Oaks, Calif.-based Baja Fresh restaurant chain, analysts say. In a deal scheduled for...
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