Tesco Says U.S. Launch Took Wrong Approach
Feb 23, 2009
We're about two years into the Tesco experiment in the U.S. The company is now saying that it took the wrong approach in trying to break in. We reported pretty early on that some had doubts on Tesco's model. This was confirmed about a year ago. So...
GGP Bankruptcy Scenario
Feb 21, 2009
The Wall Street Journal looks at how a General Growth bankruptcy could unfold. This is something Retail Traffic explored on a more general level with our February cover story analyzing what large REIT bankruptcies could look like. ...
Bright Spots: GameStop, Discounters Doing Well
Feb 19, 2009
Looking for retail bright spots? Here are a few. Warehouse operators BJ's and Costco reported substantially higher profits. Meanwhile, Gamestop seems to be raking in the sales and raised its earnings forecast. Does this mean people are turning to...
S&K To Close 30 Stores
Feb 19, 2009
In a way, this is good news. S&K Menswear filed for bankruptcy protection a week ago. The chain operates 136 stores. For now, however, it's only looking to close 30. The number at the bottom of this listing that I've been updating amounts to...
Macy's Hosts Lush's 100th Location
Feb 19, 2009
British cosmetic retailer Lush just opened its 100th store in the United States that also happened to be its 37th operating in...
AIA Billings Index Falls to New Low
Feb 18, 2009
After edging up slightly in December, the AIA Billings Index fell in January, hitting a new low. ...
GGP Misses Payments
Feb 18, 2009
General Growth Properties Inc., the U.S. shopping mall owner with $900 million in loans due yesterday, remains in talks with...
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