ICSC's survey of chain store sales trends has been released. The survey of 33 retailers shows a decline in same-store sales of 2.1 percent. However, many retailers seemed satisfied with the results. According to the report (membership required): ...
Vacancies at U.S. malls and shopping centers rose to their highest in more than 10 years as consumer spending fell and stores closed in the recession, according to first-quarter data released today by Reis Inc. More empty stores and lower rents...
In his Chairman's Letter as part of Vornado Realty Trust's April 3rd 8-K filing, Chairman and CEO Steven Roth in a letter to investors provides some interesting thoughts about the retail sector and about commercial real estate in general and how...
Rite Aid Corp. is planning to shut down as many as 117 stores over the next year as it tries to cut costs after the drugstore operator's loss more than doubled in the fiscal fourth quarter. The Camp Hill, Pa., company said the closings would be...
General Growth's stock surged big time today at one point hitting $1.36 per share--the first time its stock has traded north of a $1.00 per share since late January. There has also been tremendous volume today on the stock. ...
Ritz Camera, which filed for bankruptcy protection in February, has announced its restructuring plan. It includes closing more than 300 Ritz Camera stores as well as liquidating the 120-store Boater's World chain. ...
A half-dozen malls across the country are planning to install a huge contraption called the Flowrider in vacant retail space. Where once people shopped for three-packs of underwear or sheet sets, they are now turning up in flip-flops and shorts to...
Shopping-center owner Kimco Realty Corp. became the latest real-estate investment trust to attempt to sell a large allotment of stock to address its debt concerns. Kimco, which owns stakes in 1,950 shopping centers globally, said it will sell 70...