National liquidators Hudson Capital Partners and Tiger Capital have bought struggling electronics chain Tweeter, and the Canton merchant will likely be shuttered in the next four to six weeks, according to store employees. A liquidation sale on...
Circuit City is closing 155 stores. The chain will begin shuttering locations almost immediately and won't even wait to see how the holiday shopping season goes. That's a bit of an ominous sign. ...
General Growth Properties (GGP), the Chicago-based company that's the nation's second-largest owner of shopping malls, is almost literally worth nothing. It's debt totals $24 billion, much of it loaded onto the balance sheet with its 2004 purchase...
THOUGH many retailers are closing and cutting back, Teen Vogue is taking its franchise to the mall. The magazine is opening a store, called the Teen Vogue Haute Spot, in the Mall at Short Hills in New Jersey. But the magazine does not intend to...
Turmoil in the credit markets and economic weakness has virtually frozen the commercial property markets, with buyers reluctant to commit as prices fall and sellers refusing to deal unless forced to by financing constraints, a panel of real estate...
During his two hour long presentation, Pershing Square Capital Management's, William Ackman made a compelling argument for Target to unlock the equity of its real estate without losing control of its buildings by spinning off the land into a...
WHEN the first shoppers flock through the doors of Westfield's new mega-mall in London tomorrow, the head of the company's British arm will be thinking of sleep. Michael Gutman admits he's lost a fair bit of shuteye in the lead up to the opening...
I have been at ULI's fall meeting since Monday. It's the first industry conference I've attended since August. Not surprisingly, the mood here is very dark compared with what people were saying just a couple months ago. ...
Discount retailer Value City Department Stores and its subsidiaries have filed for bankruptcy protection and plan to close their stores. Bankruptcy papers filed in New York say the Columbus, Ohio-based company blames declining sales, tight credit...