Why can’t the average shopper remember if her latest pair of blue jeans came from Macy’s, Lord & Taylor or Dillard’s? According to Britt Beemer, chairman of Charleston, S.C.-based America’s Research Group Ltd., 74% of American consumers...
An embrace between Craig Sher and Michael Folio was the crowning moment of the series of panel discussions held today at ICSC’s 2002 Florida Conference in Orlando. The playful hug between The Sembler Co.’s CEO and The Home Depot’s senior VP of...
Closing 283 stores just didn’t cut it — the budget, that is. Almost eight months after filing for chapter 11, Kmart Corp. today announced an initiative to reduce costs within the company. Upon its completion, the project targets an annual savings...
Orlando’s soon-to-be-completed The Mall at Millenia is a gamble that could cost its investors a bundle, said Britt Beemer, chairman of Charleston, S.C.-based America’s Research Group Ltd., at ICSC’s 2002 Florida Conference yesterday...
Besieged regional discount chain Ames announced today it plans to liquidate and close all of its remaining 327 stores within the next 10 weeks. Competition from savvy discounters such as Kohl’s proved to be more than the 44-year-old retailer could...
Ohio retailer Too, Inc. has reported earnings per diluted share (EPS) of $.16 for the second quarter 2002, which exceeds its previously expected range of $.14 to $.15 per share. Today’s figure represents a 78% increase over second quarter 2001...
Arlington, Va.-based Mills Corp. recently announced funds from operations for second quarter 2002 were up 3.9% to $0.72, but the REIT’s most interesting news flash came out of the human resources department. Mills chairman and CEO Larry Siegel...
Minneapolis-based Target Corporation pushed the envelope by peddling hip designer products to the masses. Launching a new website, however, seems so passé that you have to wonder who profits from the deal...
San Francisco-based Gap Inc. has done it again: another month in which same-store sales declined. The company reported that its July sales dropped 8%, and the rut has now persisted for 28 months...