Mall of America Revises Expansion Plans
Jan 26, 2009
After failing three times to get the public financing it wanted to pay for part of a $2 billion expansion, the Mall of America won't be making another pitch to the Legislature this year. Instead, it's considering building the 5.6-million-square...
Home Depot Cutting Jobs, Closing Stores
Jan 26, 2009
Home Depot Inc. plans to eliminate 7,000 jobs while closing four dozen stores under its smaller home improvement brands as the recession continues to batter the nation's housing market. The company said Monday the cuts will affect about 2...
Few White Knights Emerge for Bankrupt Retailers
Jan 23, 2009
"For retailers, bankruptcy is like a roach motel -- they can go in, but they won't come out," said Evan Flaschen, chair of the Financial Restructuring Group at Bracewell & Giuliani LLP. "There are very few people buying these businesses in...
CRE Could Lead to Losses at Regional Banks
Jan 23, 2009
Capital One Financial, Fifth Third Bancorp, KeyCorp, Huntington Bancshares and SunTrust Banks announced sharp fourth-quarter losses on Thursday, the start of a trickle of red ink at the nation's small and midsize lenders that could result in a...
Syms Reportedly Looking to Move Some of its Real Estate
Jan 23, 2009
Off-price clothing retailer Syms has quietly moved to sell or rent some of its real estate to other businesses, The Post has...
Phillips-Van Heusen Closing Stores; Updated 2009 Store Closure List
Jan 22, 2009
Phillips-Van Heusen Corp., which owns the Calvin Klein, Izod and Van Heusen clothing brands, said Wednesday it will close 175...
The Sudden Infatuation with Mall Security Guards
Jan 22, 2009
The number one movie at the box office last week was Paul Blart: Mall Cop. It's raked in $40 million and counting so far. There...
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