The Oregon retailing icon, bought by the equity firm Gryphon Investors of San Francisco in 2007, has no immediate plans for layoffs and will cover its 1,600 employees' salaries and benefits through a potential sale, said John Mangan, a Joe's...
“Did we end up with too much exposure in certain areas during the credit bubble? Maybe, a few,” Immelt said in his annual letter to shareholders, released March 2. “Today, I wish we had less exposure to commercial real estate and U.K. mortgages.” ...
February looked better than previous months. According to ICSC's index, same-store sales were down 0.1 percent (pdf, membership req.) according to its index of 35 chains. Meanwhile, Retail Forward's look at the numbers indicates a 0.4 percent rise...
The latest Beige Book is out. Here's an excerpt from the summary. ...
This is amazing to me, as a New York resident. We lost Tower Records and now both Virgin Megastores will go. There remain an abundance of great local music stores. But it's unbelievable that there won't be any big places to buy CDs in New York...
Bloomberg has the skinny on General Growth potentially selling some of its assets for about $400 million. ...
Another day, another story about retail tenants demanding a break. This time it's at the Plaza Hotel in New York. A few years ago the property underwent a massive redevelopment. The upper floors were converted to high-end residences. (These have...
The New York Times reviews the latest Starbucks strategy--$3.95 breakfasts that include coffee and an egg sandwich--as the firm continues to wrestle with its sudden troubles. ...
Boston Store, Macy's and other department store chains around the country are losing their fine jewelry departments because the vendor is pulling out. The departments have been operated for years by Finlay Enterprises under a lease with the...