Linens 'n Things to Close Fewer Stores
Jul 29, 2008
Hey. Finally some good news! It's all relative. It's a sign of the times that the fact that a retailer is closing "only" 57 stores is reason to celebrate. ...
Starbucks Closing Stores in Australia Too
Jul 29, 2008
Starbucks will close more than two-thirds of its 84 stores in Australia by the end of the week under a cost-cutting plan announced Tuesday that will put almost 700 people out of work. The surprise announcement came a few weeks after the global...
Bennigan's is Gone
Jul 29, 2008
With absolutely no warning, Bennigan's shut the doors on all its company-owned restaurants today (about half the chain) and its parent company (which also operates the Steak & Ale chain) has filed for bankruptcy. This was so sudden that...
Boscov's Boss Says Retailer is Not Collapsing
Jul 28, 2008
Boscov's Inc. is struggling, but the department store chain is not on the brink of collapse, its chairman and chief executive said. Boscov's has a store in the Susquehanna Valley Mall in Hummels Wharf. "Sales are weak overall, particularly in the...
Inflation's Toll on Retailers
Jul 28, 2008
Sherwin Williams Co. on July 17 announced its third price increase in eight months. The company has been having "difficult discussions" with retailers, Chris Connor, chairman and CEO, said on its quarterly conference call. The price increases are...
Retailers Fight Back Against High Gas Prices
Jul 28, 2008
Customers at Bass Pro Shops drive an average of 100 miles to reach the company's 50 locations and many are known to drive up to 300 miles each way to spend time at the massive outdoor supercenters. But with the average price of a gallon of...
Best Buy to Open In-Store Music Shops
Jul 28, 2008
The nation's largest consumer electronics retailer will announce Tuesday that it plans to open as many as 85 of the music centers inside its stores by the end of the year and could add even more locations in the future, executives told The...
Is Boscov's Another Troubled Retailer?
Jul 25, 2008
Regional department story chain Boscov's is the latest retailer experiencing severe troubles, according to recent reports. ...
Stories With Bigger Implications?
Jul 25, 2008
There's an interesting story in the Charlotte Observer today about construction on the Bridges at Mint Hill coming to a halt. The project is still early in the process. Workers were grading the site when the project came to a halt. It's not like...
S&P Announces April Results of CRE Indices
Jul 25, 2008
Standard & Poor's announced the April results of its S&P/GRA Commercial Real Estate Indices. Retail was down 0.2 percent from March to April. ...
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