The volume of commercial construction in Phoenix may help shed some light on a question that has puzzled regional economists: Why do some cities mired in a housing bust continue to enjoy strong economic growth? In Phoenix, the answer appears to be...
One of our sister publications that covers the meetings industry has a great blog, Face2Face. Yesterday, Sue Pelletier documented a couple of sessions at the ASAE conference on the major demographic trend of the emergence of Generation Y. That 76...
Pier 1 Imports Inc., the biggest U.S. retailer of imported furniture, on Friday reported a wider loss than analysts estimated after reducing prices to clear out items. It also announced plans to cut jobs and close Pier 1 Kids stores. The first...
Limited Brands Inc.'s Victoria's Secret chain plans to almost double the average size of its U.S. stores in the next five years to take advantage of faster sales growth at the lingerie unit. The average shop will expand to 11,000 square feet from...
In a fascinating deal, CBL & Associates Properties and Westfield Group--two of the largest owners of regional malls in the U.S.--have formed an interesting partnership called CW Joint Venture. ...
The back-to-school shopping season had a disappointing start in July as consumers rattled by a weakening housing market and other financial pressures stayed away from stores and malls. As merchants reported sluggish monthly sales results Thursday...