Update 9:42 AM: The market is embracing these moves. Yesterday's drop--with stock falling almost 50 percent in a day--may also have been overdone. As a result, General Growth's stock rebounded right off the bat and is ...
U.S. retailers' sales in November and December will be the worst in at least three decades, according to Britt Beemer, whose forecasts for Christmas spending were correct in 16 of the last 17 years. "What I see happening today is like nothing I...
fter failing to find a buyer, Borders Group Inc. on Wednesday was forced to issue warrants to Pershing Square Capital Management LP, potentially giving its largest shareholder even more reason to push the bookseller toward a sale. Advertisement ...
UBS isn't waiting for the bailout to pass. It's found a way to move some of its commercial and residential mortgage assets. Terms were not disclosed so there's no way to know how much the bank marked down its assets or who bought them. But perhaps...
Grapevine-based GameStop Corp. announced it has acquired Micromania, a French video game retailer that has 332 locations throughout the country. The transaction, worth about $700 million in cash including the assumption of debt, still needs to be...
At The Oaks shopping center in Thousand Oaks, community health education seminars are being presented twice a month by Los Robles Hospital and Medical Center in cooperation with the mall's owner. "We thought this might be monthly, but there's...
AP reporter (and frequent Retail Traffic contributor) Lauren Shepherd has an interesting story about how restaurants are negotiating for better terms from landlords. Landlords are pushing back, however. ...
A few months ago we linked to an item from Boston about how the mayor wanted greater assurances from developers about financing before giving the green light to large projects. At the time, the Filene's redevelopment was stalled because of lack of...
Over the past five or 10 years there has been a downright explosion of bank branches all over the place. With the rapid consolidation of the sector, that's bound to change. In New York, for example, there's no way JP Morgan Chase keeps all the...