Whitehall Jewelers to Liquidate
Aug 13, 2008
National retail liquidation and asset recovery firms will manage a court-ordered bankruptcy liquidation sale of Whitehall Jewelers Holdings, Inc., which operates 373 specialty jewelry retail stores. The sale, which will begin Wednesday, was...
TJX Triples Profits
Aug 13, 2008
TJX, the discount fashion retailer, said Tuesday that its second-quarter profit more than tripled from a year ago when it digested a charge for a widely publicized security breach. The company, which operates the T. J. Maxx and Marshalls stores...
CVS Buys Longs Drug Stores
Aug 13, 2008
Drug store chain CVS Caremark Corp., looking to build its West Coast presence, said Tuesday it would buy Longs Drug Stores Corp. in a deal valued at $2.7 billion. The $71.50 per-share cash offer, announced after the end of trading Tuesday, was a...
Zara Surpasses Gap as World's Largest Apparel Seller
Aug 12, 2008
Inditex, Zara's parent company, recorded a 9% increase in sales to €2.218bn (£1.7bn) in the first quarter of its financial year. It also benefited from the strength of the euro to edge slightly ahead of Gap which saw its revenues fall by 10% and...
In Defense of Shopping Centers
Aug 12, 2008
On Friday, I linked to a screed about the future of shopping centers. A blog called The Sledgehammer has written a response...
CMBS Spreads Widen Again
Aug 12, 2008
CMBS Spreads are at their widest point since March. And analysts are blaming the retail sector this time. ...
Bankruptcy Rules' Effect on Retail
Aug 12, 2008
Business Week has an ...
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