But Cerberus, the giant buyout firm owned by secretive billionaire Steven Feinberg, revealed yesterday that it sold its stake in Mervyn's in a previously undisclosed transaction late last year to Sun Capital, a Florida-based investment firm...
Home Depot Chairman & CEO Frank Blake and co-founder Bernie Marcus talk about the home improvement giant's current strategy in this video.
The company says it is focusing on maximizing operations at its existing stores.
Did you have a nice weekend? I hope so. Because the week is starting with a fresh blast of bad news. In today's Wall Street Journal: Mervyns Fights to Keep Its Store Doors Open. ...
It seems like every retail story I've linked to lately has been about a retailer closing stores or slowing expansion plans. So this comes a breath of fresh air. KeyPoint Partners Retail Roundup has a link to a report about Best Buy contemplating...
NRDC's rumored acquisition of Canadian department store chain Hudson Bay I linked to Monday has been officially announced. ...
Construction of U.S. office and retail buildings is poised to fall for the rest of this year and through 2009 on lower demand from tenants, stricter lending standards and rising building costs, the American Institute of Architects said. Office...
Macerich Co., a real estate investment trust, said Tuesday it closed five major loan financings and committed to a sixth financing for a total of $1.05 billion. The five transactions that closed totaled $895 million and generated excess proceeds...